- Minerals 260 (MI6) confirms a trend of gold-copper mineralisation through follow-up reverse circulation (RC) drilling at the Mynt prospect in its Moora project in WA
- New results from RC drilling in the area show “significant” mineralisation, including a 21-metre hit at 1.3 per cent copper and 0.4 grams per tonne (g/t) gold
- The gold-copper mineralisation is interpreted to be part of a trend that spans more than one kilometre long and remains open along-strike and down-dip
- Assays have also been received for 14 holes from the Koojan joint venture (JV) area to determine if follow-up drilling is needed
- MI6 shares are up at 8.47 per cent and trading at 32 cents at 1:31 pm AEDT
Minerals 260 (MI6) has confirmed a trend of gold-copper mineralisation through follow-up reverse circulation (RC) drilling at the Mynt prospect in its Moora project in WA.
MI6 completed a major drilling program at its Moora and Koojan projects in November 2022, targeting a number of prospects where copper-gold intercepts had been identified by shallow aircore drilling.
At the Mynt prospect, the company drilled 17 RC holes for 2918 metres and three diamond core holes.
Results from the RC drilling returned hits such as 0.4 grams per tonne (g/t) gold and 1.3 per cent copper over 21 metres from 119 and 140 metres. The mineralisation strongly dips to the southwest, and geological observations reveal that the zone may be thickening in depth.
One of the diamond holes was drilled 90 metres below the initial discovery of copper-gold intersections and has struck a thirty-five-metre-thick zone of strong sulphide mineralisation.
Meanwhile, assays have been received for the fourteen RC holes from the Koojan joint venture (JV), and a review is underway to determine whether follow-up drilling is warranted.
“Mynt continues to develop into what appears to be a significant mineralised system, with recent drilling delivering new wide copper-gold intercepts on either side of the discovery hole and strong visual indications from deeper drilling,” Minerals 260 Managing Director David Richards said.
“We are pleased that the latest results have validated the geological observations that led to us to proceed with the second phase of drilling at Mynt, and we look forward to receiving the next round of assays and planning follow-up drilling.”
MI6 shares were up at 8.47 per cent and trading at 32 cents at 1:31 pm AEDT.