Re-testing of historical holes at Lagoa Salgada

RNS Number : 1353R
Mineral & Financial Invest. Limited
07 December 2016
 

 

Mineral and Financial Investment Limited

("MAFL" "M&FI" or the "Company")

 

 

Re-testing of historical holes at Lagoa Salgada reveals 93m of mineralization containing 2.85% copper equivalent1 and points to new geological structure

 

HIGHLIGHTS:

 

-   TH Crestgate, 49% owned by M&FI, has completed a geological re-interpretation of 4 historic drill-holes at Lagoa Salgada

-   These reveal long intersections of copper rich polymetallic mineralization

-   Re-logging and re-assaying has resulted in identifying a new and different type of mineralization in addition to the previously identified lead-zinc rich VMS system, a large area of zinc-copper mineralization in an uncommon altered rock with a stock-work texture

-   Recent IP studies show indications of chargeability anomalies, interpreted as sulphide disseminations, and well-defined resistivity boundaries coherent with larger areas comparing with the VMS type bodies, interpreted as stock-work zones;

-   This work highlights the potential of a new high tonnage target about 1000m SW of the current resource hosted within in a VMS formation.

 

MAFL provides the following update on TH Crestgate GmbH, a private Swiss investment company in which MAFL holds a 49% stake. The directors of MAFL are advised that the work program has been completed on the Central Sector of the Lagoa Salgada project owned and controlled by TH Crestgate. Lagoa Salgada, located 100Km SE of Lisbon, Portugal, is accessible by highway and benefits from full and easy infrastructure access.

 

The 13,400-hectare Lagoa Salgada project currently has 17 identified gravimetric anomalies as well as a preliminary resource. The preliminary resource (see announcement August 27, 2015) is located on one of these gravimetric anomalies, called the LS-1 zone. The Central Sector is located approximately 1000 meters SW of the LS-1 zone. This 'Central Sector' was the subject of a 4 drill-hole program undertaken by a previous operator. The holes drilled are holes LS20, LS23, LS26 and LS28.

 

The results from this re-working of the four historic holes in the Central Sector yielded high-grade copper values. High-grade copper content is not strictly consistent with a Volcanogenic Massive Sulphide (VMS) formation, such as is typical of the Iberian Pyrite Belt where Lagoa Salgada is located. The following new mineralization intersections were tested in the re-assayed holes:

 

Holes

Depth (m)

Thickness (m)

Cu (%)

Zn (%)

Pb (%)

Au (g/t)

Ag (g/t)

Cu Equivalent (%)1

LS-20

141.6 to 234.7

93.10

0.94

2.22

1.46

0.09

27.0

2.85%

Including

141.6 to 163.6

22.00

0.18

1.21

0.90

0.06

2.27

1.16%

                      Including

163.6 to 177.8

14.20

0.25

2.48

1.25

0.03

13.20

2.04%

                      Including

180.2 to 196.1

15.90

3.81

3.85

3.82

0.29

100.36

4.15%

Including

210.3 to 231.6

21.30

2.84

3.12

2.66

0.23

75.49

6.35%

LS-23

210.2 to 223.8

23.20

0.01

0.01

0.01

0.07

12.87

0.18%

LS-23

323.3 to 356.1

32.80

0.13

0.05

0.02

0.05

3.53

0.23%

LS-23

401.1 to 407.2

6.10

0.68

0.14

0.07

0.15

12.73

0.99%

LS-26

245.2 to 254.5

9.35

0.46

0.18

0.06

0.03

12.14

0.73%

LS-26

321.7 to 339.3

17.55

0.25

0.11

0.06

0.30

12.27

0.63%

LS-26

545.4 to 555.5

10.30

0.65

0.20

0.65

0.20

14.16

0.95%

LS-28

150.0 to 369.8

219.80

0.26

0.48

0.24

0.04

8.17

0.67%

           Including

178.0 to 187.5

9.50

0.39

0.18

0.09

0.05

4.37

0.71%

           Including

200.0 to 206.5

6.55

0.20

0.68

0.34

0.05

13.15

1.00%

           Including

286.5 to 292.2

5.65

1.65

3.54

1.35

0.02

57.82

4.38%

           Including

298.3 to 307.5

9.20

1.22

2.25

1.38

0.06

39.79

3.21%

           Including

330.2 to 341.1

10.80

0.97

1.85

0.63

0.06

19.26

2.30%

           Including

361.6 to 367.9

6.20

0.94

3.54

2.01

0.15

19.94

3.66%

 

After a review of the Central Sector's historical exploration data, it was apparent that the sector's high-grade intervals are inconsistent with a massive sulphide structure.

 

The directors of MAFL are advised that the decision by TH Crestgate to re-work these historic holes was made to complete the data series, as a previous operator had only very selectively tested the core from these holes. The earlier assays appear to have been focused solely on intervals bearing visible mineralization. The re-work program consisted of re-logging, re-assaying, analysis and modelling of the remaining un-sampled intervals of core from these 4 drill-holes to allow for a complete analysis of the drill data. The core, which is stored at a Portuguese government facility, was processed under government supervision and a Director of TH Crestgate. The assays were tested by ALS Limited in Seville, Spain.

 

With the compilation of the old and recent data series anew and unexpected intervals were possible to define. The directors of TH Crestgate believe the most important aspect of these intervals is their geological basement. These high copper-zinc grades in long intervals are related with stock-works in altered zones inside of what seems to be sub-volcanic intrusions.

 

The geological team of TH Crestgate, led by Joao Barros, is considering a hypothesis that Lagoa Salgada's Central Sector may host a late intrusive or alteration event that clearly overprints the normal volcano-sedimentary system.

 

http://www.rns-pdf.londonstockexchange.com/rns/1353R_-2016-12-6.pdf

 

 

 

This lithotype has a very particular texture with porphyritic grains on a fine matrix without the usual lineation seen on the volcano-sedimentary package. Some intervals run in excess of 200m in core, with altered zones with copper-zinc dissemination on stock-works reaching significant widths (e.g. Hole LS20: >90m; Hole LS28: >60m).

 

Additionally, a significant breccia event composed by this lithology was described on the Southern-most holes (i.e. LS26 and LS28). This brecciation appears to have from 20m to 60m in core and could represent another potential source of mineralization. No sampling of these breccias has been completed. Additional sample checks have been completed on these bodies and they also have confirming mineralization   (e.g. LS28_2 - 1.5m@1.01%Cu and 5.23% Zn).

 

The results of the earlier IP study have identified the existence of a number of anomalies of moderated high chargeability aligned with the known and the new identified mineralization. The results of the works appear to indicate the presence of anomalies due to the effect of metal sulphides such as "stock-work" or scattered in the VMS.

 

This new data in conjunction with the new interpretation resulting from the re-examination of the historic Central Sector drill holes has identified a large new prospective structure. A drilling campaign to test these new mineralized zones is being prepared.

 

Jacques Vaillancourt, Chairman of Mineral and Financial, commented: "We are pleased with the work being undertaken on our investment in TH Crestgate. Although they currently have insufficient data to definitively announce the presence of a copper bearing intrusion within the Central Sector's VMS system, nevertheless, the indications of significant propectivity now present in the Central Sector in addition to the significant resource potential of Lagoa Salgada's known Iberian Pyrite Belt VMS system gives us cause for optimism. TH Crestgate is now evaluating the most efficient sequence of steps required to test and confirm this possible new structural discovery. The copper-zinc intervals currently compiled on these geological late events on Central Sector demonstrate that we are in the presence of a big and complex system. TH Crestgate is very excited and committed to develop, understand and test this new type of mineralization together with the other unexplored VMS potential structures on the property."

 

The historical, Canadian Institute of Mining (CIM) compliant, resource estimate, located on LS-1, completed in 2012 by Paul Daigle, P.Geo. (and previously announced on August 27, 2015), is summarized below. TH Crestgate is the operator of these assets:

 

Category

Gross

Net Attributable to TH Crestgate

 

LS-1 Sector

 

Tonnes

 

Mineral

 

Grade

Contained Metal

 

Units

 

Tonnes

 

Mineral

 

Grade

Contained Metal

 

Units

 

 

Indicated

 

 

2,942,000

Pb (%)

2.94

190,686,436

Lbs.

 

 

2,500,700

Pb (%)

2.94

162,083,471

Lbs.

Zn (%)

3.40

220,521,729

Lbs.

Zn (%)

3.40

187,443,469

Lbs.

Cu (%)

0.34

22,052,173

Lbs.

Cu (%)

0.34

18,744,347

Lbs.

Ag (g/t)

54.72

5,175,824

Oz.

Ag (g/t)

54.72

4,399,450

Oz.

Au (g/t)

0.82

77,562

Oz.

Au (g/t)

0.82

65,927

Oz.

 

 

Inferred

 

 

1,554,000

Pb (%)

2.50

85,648,710

Lbs.

 

 

1,320,900

Pb (%)

2.50

72,801,404

Lbs.

Zn (%)

1.80

61,667,071

Lbs.

Zn (%)

1.80

52,417,011

Lbs.

Cu (%)

0.35

11,990,819

Lbs.

Cu (%)

0.35

10,192,196

Lbs.

Ag (g/t)

51.00

2,548,073

Oz.

Ag (g/t)

51.00

2,165,862

Oz.

Au (g/t)

0.78

38,971

Oz.

Au (g/t)

0.78

33,125

Oz.

 

 

Total

 

 

4,496,000

Pb (%)

2.79

276,335,146

Lbs.

 

 

3,821,600

Pb (%)

2.79

234,884,874

Lbs.

Zn (%)

2.85

282,188,800

Lbs.

Zn (%)

2.85

239,860,480

Lbs.

Cu (%)

0.34

34,042,992

Lbs.

Cu (%)

0.34

28,936,543

Lbs.

Ag (g/t)

53.43

7,723,897

Oz.

Ag (g/t)

53.43

6,565,313

Oz.

Au (g/t)

0.81

116,532

Oz.

Au (g/t)

0.81

99,052

Oz.

Source: Tetra Tech Wardrop

 

Asset Description

 

MAFL is advised that the Lagoa Salgada resource is focused on one gravimetric anomaly called LS-1. There are a total of 17 gravimetric anomalies on the property that remain to be fully tested. The petrographic study focused on the LS-1 area of the Lagoa Salgada property. The orebody is composed of a central stock work zone - a more than 700 m thick volcano-sedimentary complex - and a massive sulphide lens in the northwest. It is covered by more than one hundred meters of sediments of the Sado Tertiary basin (Lima et al., 2013, see below).

 

References in this announcement to exploration results and resource updates have been approved for release by Joao Barros, BSc (Engineering), MSc (Geology), who has more than 13 years of relevant experience in the field of activity concerned. Mr Barros is a Member of the Portuguese Engineers Association. Mr. Barros, who is employed by Redcorp Empreedimentos Mineiros, Lda., a wholly owned subsidiary of TH Crestgate GmbH, and has consented to the inclusion of the material in the form and context in which it appears.

 

This report should be seen as indicative of possible mineral content and not definitive, as the sample group is insufficient to arrive at any economic conclusions.

 

 

For more information:

Katy Mitchell, WH Ireland                                +44 161 832 2174

Jacques Vaillancourt, Chairman                       +44 20 3289 9923

Notes to Editors:

TH Crestgate's 100% owned subsidiary, Redcorp Empredeementos Lda, who is the operator of the Lagoa Salgada asset, recently commissioned and completed a study of the historical drill-holes on the Central Sector on the Lead Zinc Project. The Lagoa Salgada Project is located in the northern portion of Portuguese section of Iberian Pyrite Belt. The Iberian Pyrite Belt is a known and prolific host of Volcanogenic Massive Sulphide (VMS) deposits. VMS deposits are important sources of copper, zinc, lead, gold, and silver (Cu, Zn, Pb, Au, and Ag). These deposits form at or near the sea-floor where circulating hydrothermal fluids driven by magmatic heat are quenched through mixing with bottom waters or pore waters in near-sea floor lithologies. Massive sulphide lenses vary widely in shape and size and may be pod like or sheet-like. They are generally stratiform and may occur as multiple lenses. These mineralised lenses can be identified as gravimetric anomalies. The Lagoa Salgada has project 17 gravimetric anomalies, of which the LS-1 preliminary resource represents but one of the anomalies.

Volcanogenic massive sulphide deposits range in size from small pods of less than a ton (which are commonly scattered through prospective terrains) to supergiant accumulations like Rio Tinto (Spain), 1.5 B/t (billion metric tons), which is located on the Iberian Pyrite Belt; Kholodrina (Russia), 300 Mt (million metric tons); Windy Craggy (Canada), 300 Mt; Brunswick No. 12 (Canada), 230 Mt; and Ducktown (United States), 163 Mt.  Massive ore in VMS deposits consists of >40 percent sulphides, usually pyrite, pyrrhotite, chalcopyrite, sphalerite, and galena; non-sulphidede gangue typically consists of quartz, barite, anhydrite, iron (Fe) oxides, chlorite, sericite, talc, and their metamorphosed equivalents. Ore composition may be Pb-Zn-, Cu-Zn-, or Pb-Cu-Zn-dominated, and some deposits are zoned vertically and laterally.



APPENDIX - Detailed Hole Assays:

Hole ID

From

To

Length (m)

Cu

(%)

Pb

(%)

Zn

(%)

Ag

(g/t)

Au

(g/t)

Cu Eq1 (%)

LS20

141.60

143.60

2.00

0.30

0.80

1.30

0.20

0.01

1.23

LS20

143.60

146.60

3.00

0.07

0.38

0.38

0.80

0.04

0.43

LS20

146.60

149.60

3.00

0.14

0.72

0.64

0.20

0.05

0.75

LS20

149.60

152.45

2.85

0.27

1.59

0.90

0.10

0.06

1.35

LS20

152.45

154.55

2.10

0.30

1.64

0.87

0.60

0.10

1.41

LS20

154.55

157.00

2.45

0.14

0.92

1.15

0.60

0.08

1.09

LS20

157.00

158.60

1.60

0.59

2.07

6.17

3.40

0.14

4.41

LS20

158.60

163.60

5.00

0.03

0.26

0.76

7.60

0.03

0.58

LS20

163.60

167.60

4.00

0.11

0.43

1.97

6.00

0.01

1.26

LS20

167.60

169.50

1.90

1.05

5.23

5.99

49.90

0.10

6.40

LS20

169.50

172.80

3.30

0.01

0.06

0.33

0.10

0.01

0.20

LS20

172.80

175.70

2.90

0.16

1.02

2.38

11.90

0.03

1.80

LS20

175.70

177.80

1.90

0.33

1.51

4.20

17.80

0.06

3.09

LS20

177.80

180.20

2.60

0.01

0.04

0.04

0.10

0.04

0.07

LS20

180.20

182.80

2.60

0.22

0.79

1.30

7.10

0.04

1.23

LS20

182.80

184.40

2.00

2.03

2.71

6.24

44.20

0.14

6.50

LS20

184.40

186.65

1.85

0.59

2.00

2.66

21.50

0.08

2.86

LS20

186.65

188.15

1.50

0.49

0.91

2.83

17.30

0.07

2.37

LS20

188.15

189.65

1.50

4.66

6.19

10.38

139.50

0.23

13.35

LS20

189.65

190.85

1.20

0.94

2.06

4.55

21.80

0.07

4.12

LS20

190.85

190.85

1.40

1.00

2.37

4.20

43.00

0.08

4.33

LS20

190.85

194.10

1.85

0.35

1.70

2.73

23.60

0.09

2.56

LS20

194.10

196.10

2.00

0.33

1.91

2.86

16.00

0.09

2.62

LS20

196.10

198.05

1.95

0.02

0.14

0.63

0.10

0.00

0.37

LS20

198.05

200.15

2.10

0.14

0.30

0.94

1.70

0.01

0.72

LS20

200.15

202.15

2.00

0.08

0.41

1.51

3.70

0.03

1.00

LS20

202.15

204.25

2.10

0.05

0.24

0.68

3.50

0.02

0.51

LS20

204.25

206.05

1.80

0.04

0.23

0.75

3.10

0.01

0.52

LS20

206.05

208.60

2.55

0.10

0.49

0.93

1.60

0.02

0.75

LS20

208.60

210.30

1.70

0.11

0.31

0.84

4.30

0.03

0.68

LS20

210.30

211.75

1.45

0.22

0.94

1.35

9.90

0.08

1.36

LS20

211.75

213.30

1.55

0.10

0.19

0.46

1.40

0.02

0.42

LS20

213.30

215.15

1.85

0.30

1.53

1.33

12.70

0.05

1.66

LS20

215.15

217.50

2.35

0.26

0.53

0.71

14.20

0.04

0.95

LS20

217.50

219.45

1.95

0.63

0.82

1.28

23.60

0.05

1.80

LS20

219.45

220.25

0.80

6.08

2.24

4.73

119.40

0.44

10.55

LS20

220.25

221.57

1.32

1.89

1.55

3.11

80.50

0.21

4.83

LS20

221.57

222.70

1.13

2.93

10.31

13.28

142.90

0.23

14.60

LS20

222.70

223.70

1.00

2.27

1.94

3.72

62.50

0.26

5.51

LS20

223.70

224.95

1.25

2.31

1.40

1.62

62.40

0.29

4.38

LS20

224.95

227.00

2.05

1.70

0.78

1.43

42.00

0.21

3.20

LS20

227.00

228.00

1.00

6.25

1.28

2.57

133.10

0.64

9.60

LS20

228.00

229.70

1.70

15.54

2.16

4.47

207.30

0.66

20.81

LS20

229.70

230.70

1.00

5.42

23.11

13.89

405.80

0.65

25.01

LS20

230.70

231.60

0.90

1.75

2.94

3.74

96.00

0.17

5.63

LS20

231.60

232.80

1.20

0.01

0.07

0.37

7.00

0.03

0.29

LS20

232.80

234.70

1.90

0.01

0.02

0.39

1.90

0.03

0.24

LS20

262.40

264.00

1.60

0.03

0.43

0.21

16.10

0.05

0.48

LS20

264.00

266.20

2.20

0.01

0.25

0.15

8.80

0.05

0.29

LS20

300.20

303.10

2.90

0.07

0.04

0.10

0.80

0.02

0.15

LS20

303.10

304.80

1.70

0.54

0.13

0.21

11.60

0.08

0.85

LS20

304.80

306.60

1.80

0.17

0.18

0.20

8.70

0.00

0.41

LS20

306.60

308.50

1.25

0.10

0.21

0.28

5.90

0.06

0.41

LS20

371.75

373.00

1.25

0.01

0.02

0.01

0.80

0.01

0.04



 

Hole ID

From

To

Length (m)

Cu

(%)

Pb

(%)

Zn

(%)

Ag

(g/t)

Au

(g/t)

Cu Eq1 (%)

LS23

158.10

162.00

3.90

0.00

0.00

0.00

2.00

0.01

0.03

LS23

162.00

166.00

4.00

0.00

0.00

0.00

2.20

0.00

0.02

LS23

170.55

173.40

2.85

0.00

0.00

0.00

1.60

0.02

0.03

LS23

175.10

179.00

3.90

0.00

0.00

0.00

5.80

0.01

0.06

LS23

183.00

187.00

4.00

0.00

0.00

0.00

3.30

0.01

0.04

LS23

189.10

194.65

5.55

0.00

0.00

0.00

1.50

0.01

0.02

LS23

200.60

205.50

4.90

0.00

0.00

0.00

3.50

0.00

0.03

LS23

205.50

210.20

4.70

0.00

0.00

0.00

1.80

0.00

0.02

LS23

210.20

213.30

3.10

0.00

0.00

0.00

20.60

0.00

0.19

LS23

213.30

216.90

3.60

0.00

0.00

0.00

26.40

0.17

0.36

LS23

216.90

220.30

3.40

0.00

0.00

0.00

37.10

0.22

0.49

LS23

220.30

223.80

3.50

0.09

0.04

0.07

3.90

0.06

0.21

LS23

223.80

227.85

4.05

0.00

0.00

0.00

7.00

0.02

0.08

LS23

239.60

245.60

6.00

0.00

0.00

0.00

10.30

0.15

0.19

LS23

306.00

308.00

2.00

0.00

0.00

0.00

11.10

0.08

0.15

LS23

308.00

310.00

2.00

0.00

0.00

0.00

9.70

0.69

0.55

LS23

310.00

312.00

2.00

0.07

0.05

0.08

6.30

0.18

0.30

LS23

312.00

316.00

4.00

0.06

0.04

0.08

5.00

0.10

0.23

LS23

316.00

318.30

2.30

0.07

0.03

0.06

5.30

0.01

0.17

LS23

318.30

323.30

5.00

0.03

0.01

0.02

0.10

0.01

0.05

LS23

323.30

328.30

5.00

0.43

0.04

0.07

11.20

0.08

0.63

LS23

328.30

333.30

5.00

0.01

0.01

0.02

0.80

0.01

0.04

LS23

333.30

338.30

5.00

0.01

0.01

0.03

0.40

0.01

0.04

LS23

338.30

342.20

3.90

0.01

0.01

0.01

0.10

0.01

0.03

LS23

342.20

347.20

5.00

0.05

0.04

0.06

2.40

0.09

0.18

LS23

347.20

352.20

5.00

0.01

0.01

0.02

0.60

0.01

0.04

LS23

352.20

355.00

2.80

0.02

0.01

0.02

1.60

0.02

0.06

LS23

355.00

356.10

1.10

1.61

0.12

0.38

30.80

0.57

2.50

LS23

356.10

360.00

3.90

0.01

0.02

0.05

2.10

0.01

0.07

LS23

360.00

365.00

5.00

0.01

0.01

0.03

0.60

0.01

0.04

LS23

365.00

370.00

5.00

0.01

0.01

0.02

1.10

0.01

0.04

LS23

370.00

375.00

5.00

0.01

0.01

0.02

0.60

0.01

0.04

LS23

375.00

380.00

5.00

0.01

0.01

0.02

1.30

0.01

0.04

LS23

380.00

385.00

5.00

0.01

0.01

0.02

0.40

0.08

0.08

LS23

385.00

390.00

5.00

0.01

0.01

0.02

1.20

0.01

0.04

LS23

390.00

393.80

3.80

0.01

0.01

0.01

0.10

0.01

0.03

LS23

393.80

395.60

1.80

0.05

0.01

0.03

1.60

0.03

0.10

LS23

395.60

397.60

2.00

0.06

0.01

0.03

1.30

0.11

0.16

LS23

397.60

399.80

2.20

0.05

0.01

0.02

0.40

0.01

0.07

LS23

399.80

401.10

1.30

0.01

0.01

0.01

2.10

0.01

0.04

LS23

401.10

402.85

1.75

1.42

0.08

0.26

23.80

0.15

1.89

LS23

402.85

404.80

1.95

0.65

0.12

0.17

15.40

0.23

1.07

LS23

404.80

407.20

2.40

0.16

0.02

0.03

2.50

0.08

0.26

LS23

407.20

412.20

5.00

0.01

0.08

0.06

1.50

0.01

0.09



 

Hole ID

From

To

Length (m)

Cu

(%)

Pb

(%)

Zn

(%)

Ag

(g/t)

Au

(g/t)

Cu Eq1 (%)

LS26

149.00

151.60

2.60

0.030

0.010

0.060

0.10

0.01

0.07

LS26

151.60

156.35

4.75

0.030

0.020

0.090

0.90

0.07

0.13

LS26

156.35

160.20

3.85

0.010

0.010

0.020

1.10

0.06

0.07

LS26

160.20

163.00

2.80

0.040

0.010

0.010

1.60

0.02

0.08

LS26

163.00

166.00

3.00

0.100

0.010

0.010

0.10

0.02

0.12

LS26

166.00

169.00

3.00

0.080

0.050

0.030

1.60

0.02

0.14

LS26

169.00

172.00

3.00

0.020

0.020

0.020

2.00

0.01

0.06

LS26

172.00

175.00

3.00

0.080

0.010

0.030

2.60

0.01

0.13

LS26

175.00

178.00

3.00

0.100

0.020

0.030

3.20

0.03

0.17

LS26

178.00

181.40

3.40

0.010

0.010

0.020

0.60

0.01

0.04

LS26

200.85

203.85

3.00

0.060

0.010

0.010

1.40

0.03

0.10

LS26

203.85

206.85

3.00

0.030

0.010

0.010

1.70

0.01

0.06

LS26

223.85

227.80

3.95

0.180

0.050

0.100

0.10

0.07

0.29

LS26

227.80

230.30

2.50

0.210

0.030

0.070

4.20

0.11

0.37

LS26

230.30

235.00

4.70

0.010

0.010

0.010

12.40

0.08

0.19

LS26

235.00

240.00

5.00

0.010

0.010

0.020

0.60

0.04

0.06

LS26

240.00

245.20

5.20

0.010

0.010

0.020

1.30

0.01

0.04

LS26

245.20

248.10

2.90

0.840

0.030

0.200

1.40

0.08

1.01

LS26

248.10

250.85

2.75

0.270

0.070

0.220

17.30

0.26

0.73

LS26

250.85

252.20

1.35

0.650

0.110

0.140

6.40

0.07

0.86

LS26

252.20

254.55

2.35

0.070

0.010

0.030

18.50

0.10

0.32

LS26

279.95

283.15

3.20

0.100

0.040

0.060

1.60

0.09

0.22

LS26

283.15

285.90

2.75

0.310

0.040

0.140

4.00

0.02

0.44

LS26

304.70

306.55

1.85

0.070

0.060

0.060

4.60

0.02

0.18

LS26

306.55

308.40

1.85

0.160

0.010

0.020

4.00

0.00

0.21

LS26

308.40

310.27

1.87

0.050

0.060

0.130

3.50

0.05

0.20

LS26

320.00

321.75

1.75

0.250

0.160

0.110

2.80

0.02

0.40

LS26

321.75

324.40

2.65

0.820

0.130

0.200

16.10

0.08

1.16

LS26

324.40

326.45

2.05

0.780

0.230

0.410

19.20

0.14

1.33

LS26

326.45

329.70

3.25

0.040

0.010

0.010

8.50

0.04

0.15

LS26

329.70

332.40

2.70

0.120

0.030

0.030

0.20

0.03

0.17

LS26

332.40

334.30

1.90

0.060

0.040

0.070

25.60

0.09

0.40

LS26

334.30

339.30

5.00

0.020

0.020

0.060

11.30

0.86

0.73

LS26

339.30

344.30

5.00

0.040

0.050

0.010

2.30

0.03

0.10

LS26

344.30

349.30

5.00

0.080

0.060

0.150

4.00

0.01

0.22

LS26

349.30

354.30

5.00

0.030

0.040

0.150

4.70

0.10

0.23

LS26

354.30

359.30

5.00

0.010

0.010

0.020

3.60

0.03

0.08

LS26

359.30

364.30

5.00

0.020

0.090

0.110

0.10

0.01

0.11

LS26

364.30

369.30

5.00

0.030

0.100

0.340

5.70

0.03

0.30

LS26

369.30

374.30

5.00

0.010

0.010

0.050

5.90

0.01

0.10

LS26

374.30

379.20

4.90

0.010

0.010

0.040

1.00

0.01

0.05

LS26

379.20

384.20

5.00

0.010

0.010

0.020

1.00

0.01

0.04

LS26

384.20

389.20

5.00

0.010

0.050

0.030

0.10

0.04

0.07

LS26

389.20

394.20

5.00

0.010

0.040

0.110

3.00

0.05

0.14

LS26

394.20

399.25

5.05

0.010

0.010

0.010

2.60

0.01

0.05

LS26

399.25

401.75

2.50

0.010

0.020

0.090

0.40

0.07

0.11

LS26

401.75

403.45

1.70

0.080

0.080

0.100

5.90

0.02

0.23

LS26

403.45

405.40

1.95

0.720

0.090

0.350

19.90

0.08

1.15

LS26

405.40

407.40

2.00

0.010

0.030

0.020

1.90

0.01

0.06

LS26

497.65

499.65

2.00

0.020

0.020

0.020

1.70

0.00

0.05

LS26

499.65

501.00

1.35

0.510

1.170

1.580

74.50

0.11

2.46

LS26

501.00

502.65

1.65

0.160

0.010

0.020

9.80

0.06

0.30

LS26

541.40

543.40

2.00

0.030

0.020

0.020

3.30

0.02

0.09

LS26

543.40

545.15

1.75

0.160

0.020

0.040

3.00

0.02

0.23

LS26

545.15

546.70

1.55

2.050

0.060

0.140

30.50

0.05

2.45

LS26

546.70

548.65

1.95

0.300

0.090

0.090

7.50

0.02

0.46

LS26

548.65

550.65

2.00

0.250

0.030

0.040

4.40

0.03

0.34

LS26

550.65

551.70

1.05

0.130

0.020

0.030

10.40

0.05

0.28

LS26

551.70

553.65

1.95

0.760

0.100

0.280

18.70

0.04

1.13

LS26

553.65

555.45

1.80

0.470

0.240

0.580

15.40

0.09

1.04

LS26

555.45

556.90

1.45

0.020

0.020

0.020

0.10

0.00

0.04

LS26

556.90

558.65

1.75

0.030

0.010

0.010

0.10

0.02

0.05

LS26

558.65

560.60

1.95

0.110

0.040

0.080

1.80

0.09

0.24

LS26

560.60

562.65

2.05

0.060

0.020

0.020

0.80

0.16

0.19

LS26

562.65

564.60

1.95

0.010

0.010

0.020

1.50

0.01

0.04

LS26

564.60

566.65

2.05

0.090

0.060

0.070

3.20

0.02

0.19

LS26

571.65

572.95

1.30

0.070

0.030

0.040

0.10

0.01

0.11



 

Hole ID

From

To

Length (m)

Cu

(%)

Pb

(%)

Zn

(%)

Ag

(g/t)

Au

(g/t)

Cu Eq1 (%)

LS28

150.00

151.75

1.75

0.070

0.010

0.070

1.90

0.00

0.12

LS28

151.75

155.45

3.70

0.060

0.020

0.050

0.10

0.02

0.11

LS28

157.45

160.70

3.25

0.010

0.020

0.010

0.80

0.01

0.04

LS28

160.70

162.30

1.60

0.020

0.020

0.020

0.80

0.22

0.19

LS28

162.30

164.30

2.00

0.010

0.070

0.010

2.00

0.00

0.06

LS28

164.30

166.70

2.40

0.020

0.060

0.020

1.00

0.03

0.08

LS28

166.70

169.70

3.00

0.020

0.400

0.010

1.40

0.01

0.20

LS28

169.70

172.70

3.00

0.640

0.180

0.050

27.00

0.02

0.99

LS28

172.70

175.70

3.00

0.110

0.070

0.020

8.90

0.02

0.24

LS28

175.70

178.00

2.30

0.190

0.090

0.040

9.30

0.09

0.39

LS28

178.00

181.20

3.20

0.730

0.090

0.080

29.30

0.06

1.11

LS28

181.20

186.00

4.80

0.060

0.060

0.160

4.50

0.06

0.24

LS28

186.00

187.50

1.50

0.750

0.210

0.480

32.70

0.01

1.36

LS28

187.50

189.50

2.00

0.050

0.040

0.120

4.10

0.03

0.18

LS28

189.50

191.50

2.00

0.150

0.060

0.220

7.80

0.04

0.37

LS28

191.50

193.50

2.00

0.070

0.040

0.260

7.40

0.03

0.30

LS28

193.50

195.50

2.00

0.120

0.010

0.130

6.80

0.02

0.26

LS28

195.50

197.55

2.05

0.060

0.040

0.070

5.90

0.06

0.20

LS28

197.55

200.00

2.45

0.040

0.030

0.050

3.30

0.08

0.16

LS28

200.00

202.50

2.50

0.020

0.060

0.120

6.00

0.33

0.37

LS28

202.50

204.60

2.10

0.280

0.400

0.740

15.30

0.12

1.00

LS28

204.60

206.55

1.95

0.330

0.620

1.340

20.00

0.63

1.80

LS28

206.55

209.00

2.45

0.010

0.030

0.030

1.30

0.04

0.07

LS28

209.00

211.85

2.85

0.010

0.020

0.030

0.10

0.00

0.03

LS28

211.85

214.85

3.00

0.040

0.060

0.210

1.80

0.04

0.20

LS28

214.85

217.60

2.75

0.030

0.160

0.160

5.70

0.03

0.24

LS28

217.60

219.60

2.00

0.030

0.040

0.060

4.80

0.05

0.15

LS28

219.60

222.70

3.10

0.010

0.020

0.060

1.60

0.06

0.10

LS28

222.70

225.70

3.00

0.010

0.030

0.070

2.60

0.03

0.10

LS28

225.70

227.70

2.00

0.010

0.020

0.030

1.60

0.01

0.05

LS28

227.70

229.70

2.00

0.020

0.060

0.190

3.60

0.01

0.17

LS28

229.70

231.27

1.57

0.060

0.070

0.240

3.10

0.06

0.27

LS28

231.70

233.70

2.00

1.100

0.050

0.400

16.30

0.06

1.50

LS28

233.70

236.00

2.30

0.120

0.040

0.100

4.20

0.01

0.23

LS28

236.00

238.00

2.00

0.010

0.010

0.110

0.10

0.03

0.09

LS28

284.55

286.55

2.00

0.040

0.200

0.450

3.30

0.00

0.36

LS28

286.55

287.60

1.05

5.160

1.270

4.630

108.20

0.04

8.84

LS28

287.60

289.00

1.40

0.050

0.120

0.430

4.20

0.00

0.34

LS28

289.00

290.20

1.20

3.010

4.410

10.670

157.50

0.08

11.22

LS28

290.20

292.20

2.00

0.110

0.430

0.870

9.10

0.00

0.77

LS28

292.20

294.20

2.00

0.030

0.130

0.340

3.80

0.00

0.27

LS28

294.20

296.30

2.10

0.100

0.200

0.460

7.50

0.03

0.48

LS28

296.30

298.30

2.00

0.170

0.410

0.460

8.60

0.01

0.63

LS28

298.30

299.80

1.50

1.010

2.840

3.770

54.90

0.04

4.41

LS28

299.80

301.50

1.70

3.810

2.570

4.310

99.50

0.08

7.79

LS28

301.50

303.50

2.00

0.320

0.930

1.430

20.30

0.10

1.60

LS28

303.50

305.50

2.00

0.230

0.420

0.490

6.20

0.01

0.69

LS28

305.50

307.50

2.00

1.070

0.680

1.950

30.80

0.07

2.58

LS28

307.50

309.50

2.00

0.050

0.060

0.130

2.80

0.00

0.16

LS28

309.50

311.50

2.00

0.020

0.010

0.030

1.80

0.01

0.06

LS28

311.50

313.50

2.00

0.020

0.010

0.020

3.40

0.00

0.06

LS28

313.50

315.50

2.00

0.130

0.040

0.080

1.60

0.00

0.20

LS28

315.50

317.70

2.20

0.350

0.120

0.170

8.10

0.00

0.55

LS28

317.70

319.20

1.50

0.030

0.110

0.070

4.50

0.00

0.15

LS28

319.20

320.85

1.65

0.180

0.010

0.030

2.70

0.00

0.22

LS28

320.85

322.30

1.45

2.710

0.270

1.220

32.80

0.01

3.69

LS28

322.30

324.30

2.00

0.070

0.170

0.120

4.70

0.01

0.24

LS28

324.30

326.30

2.00

0.140

0.120

0.190

6.70

0.01

0.34

LS28

326.30

328.30

2.00

0.030

0.160

0.480

4.40

0.01

0.36

LS28

328.30

330.30

2.00

0.080

0.290

0.390

8.30

0.01

0.46

LS28

330.30

332.30

2.00

0.590

0.290

0.470

14.10

0.02

1.07

LS28

332.30

334.30

2.00

0.060

0.280

0.460

5.80

0.02

0.45

LS28

334.30

336.30

2.00

0.450

0.630

2.430

16.10

0.02

1.99

LS28

336.30

337.95

1.65

0.120

0.320

0.640

7.10

0.00

0.61

LS28

337.95

339.90

1.95

1.360

1.240

3.410

26.20

0.16

3.79

LS28

339.90

341.10

1.20

4.560

1.240

4.600

61.00

0.15

7.86

LS28

341.10

343.10

2.00

0.020

0.100

0.470

2.30

0.00

0.30

LS28

359.60

361.65

2.05

0.010

0.060

0.070

0.40

0.00

0.07

LS28

361.65

363.65

2.00

0.530

0.660

1.390

10.60

0.00

1.53

LS28

363.65

365.65

2.00

1.640

2.130

5.720

23.60

0.36

5.60

LS28

365.65

367.85

2.20

0.680

3.130

3.500

25.10

0.09

3.82

LS28

367.85

369.80

1.95

0.020

0.030

0.180

0.40

0.04

0.15

                                                                                                                      



1 Copper equivalency has been calculated using the following spot prices: Cu $5,768 /t; Zn $2,707/t; Pb $2,224/t; Au $1,188/oz; Ag $16.50/oz.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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