Los Cerros Limited (ASX: LCL) has obtained promising drill results from the company’s maiden drilling programme at Kusi, part of the wholly-owned Ono Project in Papua New Guinea.
Of particular interest is the spectacular results from KS23DD004 which, combined with visual results from KS23DD005, has prompted a re-assessment of the potential of the Kusi Upper Limestone skarn mineralization.
Drill hole KU23DD004 and historical drill hole KSDD004, were fanned out from a common drill pad at drilling dips and azimuths (directions) designed to intercept the target skarn at approximately 100m spacings.
Drill results thus far received, which have exceeded grade expectations, provided valuable information about gold distribution and continuity, and confirmed the evolving geological model. Observations to date suggest a higher-grade gold zone emerging to the north of the common drill pad, generally associated with garnet (green and brown) skarn alteration with weak copper mineralization.
The drill rig has been relocated 165m to the north to repeat the exercise of a series of drill holes fanning from a common pad with the first hole, KU23DD005, drilled azimuth north, recording the widest intercept of Upper Limestone skarn to date, as well as visible gold (Plate 1) and the first visual recording of the primary copper mineral chalcopyrite. Assays remain pending.
“We are very pleased with the results. We are only five holes into a roughly 18-hole programme, so we have much more to learn and discover, but this has been a great start,” Managing Director, Jason Stirbinskis, said.
For further information please visit: https://www.loscerros.com.au
