Massive Sulphide Intercepts At Mahab 4
Force Commodities Limited’s (ASX:4CE) share price leapt 10% after the company return further high grade massive copper sulphide intersections at the Mahab 4 prospect within the Block 5 tenement in the Sultanate of Oman.
Two holes on the Mahab-4 Ifill drilling programme intersected:
- 49.0 metres at 4.5 % Cu and 0.3 g/t Au from 11.0 metres, including 33.8 metres of 6.1% Cu and 0.3 g/t Au from 19.2 metres.
- 36.4 metres at 2.8 % Cu and 0.3 g/t Au from 29.0 metres, including 10.1 metres of 4.8 % Cu and 0.2 g/t Au from 46.0 metres.
CEO, Simon Pooley, said force geologists are now reviewing the historic drill data within an 18 x 5-kilometre area enclosing the Mahab 4 and the Hara Kilab prospects in Block 5 to see if the elevated gold values are consistently present in this block.
Both infill holes were aimed at providing additional samples to upgrade Mahab 4’s resource category from Inferred to Indicated.
“We are very pleased to see that the recently returned assay results at Mahab 4 continue to deliver excellent high grade massive sulphide intervals, which ultimately provide us with more confidence in Mahab 4’s resource model,” Mr Pooley said.
“The Company will continue to pursue JV and or toll treatment opportunities for medium size, high grade copper deposits that have been able to demonstrate low CAPEX and profitable open- cut development to produce high quality copper concentrates for local or overseas smelters.
“Furthermore, despite the region’s rich history of copper production, there has been limited modern exploration in Oman, which Force and its Omani partners aim to capitalise on by applying rigorous, modern exploration techniques. We believe that with the application of systematic exploration currently being conducted, the opportunity exists in Oman to become a significant mid-tier copper producer.”
