Belarox Ltd (ASX:BRX) believes it has identified a significant porphyry-style target at the Malambo target of its Toro-Malambo-Tambo (TMT) base metals project in Argentina, with rock chip and talus samples highlighting anomalous surface grades of 2360 parts per million (ppm) copper, 35 ppm silver, 1720 ppm molybdenum, 632 ppm zinc and 467 ppm lead.
The most prospective focal point within the porphyry at Malambo is a massive molybdenum in rock and talus anomaly stretching 1000 metres by 650 metres, which repeats the surface indicators of several global porphyry deposits.
Belararox is now progressing to interpretation work on the findings, which will also be used for drilling activity, providing a Priority 1 target.
Managing director Arvind Misra said the recent work was providing all the right indications of what TMT could yield, within prospective territory.
“Our recent assay findings from Malambo offer compelling evidence of a promising porphyry target,” he said.
“Supported by elemental ratios and noteworthy pathfinder elements, alongside classic alteration zonation, our confidence in the TMT project’s potential is bolstered.
“With peak anomalous surface values hitting 2360 ppm (0.24%) copper, 35 ppm silver, 1720 ppm molybdenum, 632 ppm zinc, and 467 ppm lead, Malambo represents a significant opportunity for investors keen on tapping into substantial copper-gold discoveries in San Juan, Argentina, a region renowned for its porphyry deposits.”
Belararox has been trading at 23.5 cents