Belararox Ltd (ASX:BRX) has obtained “exciting” assay results from the Phase One Reverse Circulation (RC) and diamond core resource drilling at the Belara mine in NSW.
The drilling aims to build upon historic results to determine the potential of the Belara Project to host significant zinc and copper mineralisation.
“These final assays confirm continuity of massive sulphide zones in the drilled area. Some of the intersections have significantly higher-grade base metal mineralisation than targeted, confirming high-grade zinc and copper base metal mineralisation,” Managing Director, Arvind Misra, said.
“Our team is now focussed on the completion of the Mineral Resource Estimate by October and planning for the next stage of our exploration work around highly prospective strike and depth extensions.
“We will continue to work with our advisors and the NSW government for the efficient grant of two new Exploration Licence Applications (ELA6176 and ELA6287). Grant of these licenses will present an opportunity for exploration upside and will enable us to explore for possible repeats of Belara and Native Bee style mineralisation.”
The Belara and Native Bee mine areas are the first high priority targets for resource drilling. A phased approach is being taken to the drilling of the Belara and Native Bee mine targets.
Phase One aims to deliver the density of drill assay intersections to support an Inferred Mineral Resource estimate prepared in accordance with the JORC (2012) Code over the known area of mineralisation at the Belara and Native Bee mines.
A total of 33 drill holes were completed in Phase One, with new assay results from the final six drill holes received.
At Belara, new assay results have been received from the final six holes of the Phase One resource drilling, namely BLRC006D, BLRC012D, BLRC018D, BLRC026D, BLDD027 and BLDD028.
BLDD028 was drilled to confirm the continuation of high-grade zinc and copper base metal mineralisation in areas close to the surface.
The massive sulphide mineralisation intersected in BLDD028 comprises: BLDD028 – 5.0 m at 6.80% Zn, 1.19% Cu, 1.38% Pb, 55.82 g/t Ag and 1.10 g/t Au from 51.0m, including 3.0m at 11.17% Zn, 1.69% Cu, 2.25% Pb, 88.13 g/t Ag and 1.68 g/t Au
BLDD028 intersected significantly higher-grade base metal mineralisation than targeted, confirming shallow high-grade zinc and copper base metal mineralisation.
BLRC018D intersected a 5.0m wide zone of base metal mineralisation, confirming the continuity of the mineralisation in the historic resource model, and down-dip of BLRC014 and B028
The massive sulphide mineralisation intersected in BLDD028 comprises: BLRC018D – 5.0 m at 1.04% Zn, 0.43% Cu, 0.26% Pb, 9.78 g/t Ag and 0.13 g/t Au from 290.0m, including 2.0m at 2.56% Zn, 0.52% Cu, 0.63% Pb, 19.25 g/t Ag and 0.17 g/t Au
Results from BLRC018D confirm mineralisation is open at depth compared to the previously identified mineralisation.
For further information please visit: https://www.belararox.com.au
