⚡ Northern Copper Zone and Garth Daniel Zone, update
At Anglesey Mining plc's Parys Mountain property, mineralization within the Northern Copper Zone (NCZ) has been traced by historical mining and diamond drilling over a strike length of 1.2 kilometres.
The declared inferred resource for the NCZ is 9.38Mt containing 1.27%Cu, 0.38% Zn, 0.24%Pb, 5g/y Ag and 0.1g/t Au.
The declared inferred resource of the Garth Daniel Zone (GDZ) is 0.34Mt containing 1.89%Cu, 5.78%Zn, 2.76%Pb, 66g/t Ag and 0.1g/t Au.
Read the full announcement here: https://bit.ly/3XhDTca
💡Highlights:
♦️ All three holes in the 2023-2024 drilling program (NCZ001, NCZ002 and NCZ003) intersected both broad zones of mineralisation and multiple higher-grade zones. The sections below show that the drilling demonstrated good continuity and further supports the integrity of the geological model and drill targeting, with indications of greater mineralised volumes overall.
♦️ Anglesey Mining has recently received litho-geochemical results for each of the three holes, from Activation Laboratories in Canada. Interpretation of the results has allowed the stratigraphic positions of the main ore horizons to be further defined, improving the geological unit correlations across the property. Work is on-going; however it is already apparent that the latest holes intersected the same package of rocks and styles of alteration and mineralization as interpreted from previous drilling campaigns, which were subject to the same litho-geochemical analysis.
♦️ Detailed understanding of the lithology in each of the recently completed holes will mean a new structural geological model can be constructed and data supporting the model will additionally leverage off all the previously completed exploration drilling that has taken place into both the NCZ and the GDZ. Such a model would be more detailed than the one that presently exists and could provide valuable insights into the controls and distribution of the various mineralized zones. It is expected that, once completed, the model will be able to be extrapolated on a wider scale and used in subsequent mine planning.
📢 Rob Marsden , CEO of Anglesey Mining, commented:
“Extracting all of the data possible from the 2023-2024 drilling campaign and interpreting it in context is a key part of the work being undertaken at Parys Mountain and it is great to see this latest dataset supporting and enhancing previous geological interpretation of the deposit.”
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