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- Marquee Resources (MQR) releases the final assay results from its phase one drilling program at the Lone Star copper-gold project in Washing State, USA
- The program included 46 diamond drill holes for 7888 metres testing for extensions to the historical resource
- Results from the final batch of assays continued to intersect a wide mineralised envelope of up to 150 metres at greater than 0.5 per cent copper
- With receipt of final assay results, Marquee Executive Chairman Charles Thomas says the company is proceeding rapidly towards completion of a maiden JORC compliant resource for the deposit
- Shares in Marquee Resources fall 5.75 per cent, trading at 8.2 cents at 11:30 am AEST
Marquee Resources (MQR) has released the final assay results from its phase one drilling program at the Lone Star copper-gold project in Washing State, USA.
The phase one program consisted of 46 diamond drill holes for 7888 metres and aimed to validate the historical drill hole database and test for extensions to the historical resource.
Results from the final batch of assays continued to intersect a wide mineralised envelope of up to 150 metres at greater than 0.5 per cent copper, with high-grade mineralised zones within the core of the system.
Results from the program included 57.9 metres at 0.7 per cent copper and 0.3 grams per tonne (g/t) gold from 137.2. metres, including 15.2 metres at 1.7 per cent copper, 0.7 g/t gold and 1.7 g/t silver.
“With receipt of the final assay results, we are proceeding rapidly towards completion of a maiden JORC compliant resource for the Lone Star deposit,” Marquee Executive Chairman Charles Thomas said.
“The drilling has significantly increased our understanding of the mineralisation at Lone Star and I look forward to sharing the maiden JORC resource with our shareholders in due course.”
Shares in Marquee Resources fell 5.75 per cent, trading at 8.2 cents at 11:30 am AEST.
