Testing Copper-Cobalt Deposit In Zambia
Argonaut Resources NL (ASX: ARE) has commenced a 2,800m diamond drilling programme at the Nyungu copper-cobalt deposit is underway at the company’s Lumwana West project in North-western Zambia.
The Nyungu copper-cobalt deposit is part of Argonaut’s 90% held Lumwana West project, located between two world-class copper operations, Barrick Gold’s Lumwana mine and First Quantum Mineral’s Sentinel mine in Zambia.
Argonaut has engaged a contractor to undertake 2,800m of diamond drilling which will be completed in approximately 12 weeks.
NYDD052, the first drill hole in the programme of resource and exploration drilling, is located at the Nyungu Central deposit between widely spaced existing drill holes.
The Exploration Drilling part of the programme is searching for deposit extensions at Nyungu Central and Nyungu South, while the Resource drilling aiming for infill upgrades at Nyungu Central
Nyungu Central contains high grade intercepts such as 31m at 1.57% copper from 173m including 6m 5.51% copper.
Nyungu Deposit
The Nyungu deposit, which is confirmed by 50+ drill holes, has a 1,700m strike length and is open to the north and south.
The shallower portions of the Nyungu deposit offer potential for low cap-ex, near-term, heap leach operation followed by the long-term production of copper concentrate.
Director and CEO, Lindsay Owler, said Argonaut is excited to recommence drilling at Nyungu.
“The deposit urgently needs drilling to target extensions and resource drilling infill. Previous intercepts of 176m at 0.55% copper and 31m at 1.57% copper provide the team with plenty of encouragement.
“The 2021 Nyungu deposit drilling programme will have a dual-purpose: exploration drilling that aims to uncover significant new zones of copper and cobalt mineralisation, and infill drilling for Resource estimation purposes. Additionally, infill drilling will provide sample for ongoing metallurgical testwork.
“Argonaut has defined exploration drilling targets that have the potential to materially increase the Resource-base at Nyungu.”
For further information please visit: https://www.argonautresources.com
