Marquee Resources Limited (ASX:MQR) has confirmed wide zones of high-grade copper mineralisation from the first batch of assays at the Lone Star Copper-Gold Project, Washington State, USA.
Results from the first two holes of the 42-hole ~6,000m diamond drilling campaign have been received and include:
LS21-001
• 44.2m @ 1.3% Cu from 65.8m (including 19.8m @ 2.4% Cu)
• 22.1m @ 1.15% Cu from 140.4m (including 8.5m @ 2.1% Cu)
LS21-002
• 15.54m @ 3.7% Cu, 1.8g/t Au & 23g/t Ag from 48.3m (incl. 2.6m @ 18.5% Cu, 10.4g/t Au, 106g/t Ag)
• 53.6m @ 0.8% Cu from 120.7m (including 7.6m @ 2.1% Cu & 1.4g/t Au)
“We are delighted with the high-grade results we have received from the first two drill holes of the programme,” Executive Chairman, Charles Thomas, said.
“Multiple, thick zones of mineralisation have been intersected with some exceptional grades being observed. The results have confirmed the outstanding opportunity that Lone Star represents and the presence of high-grade gold and silver further adds to the potential of this exciting project.
“We have completed seven drill holes with the drill rig again spinning around the clock after a short Christmas break, so it’s an exciting way to start what looks to be an excellent year for the company. These results strengthen our position to deliver a quality JORC compliant resource in the first half of 2022.”
Marquee Resources Ltd recently entered into an earn-in agreement to acquire up to 80% of the Lone Star Copper-Gold Project.
The Lone Star Property and deposit is located in Ferry County, Washington, USA. It is adjacent to Golden Dawn Minerals Inc. Lexington Property on the British Columbia side of the Canada – United States border where Golden Dawn is actively developing the Lexington-Grenoble deposit. Exploration across the Lone Star property to date includes 252 diamond and percussion drill holes for a total of 23,702 metres of drilling.
The Lone Star deposit is interpreted as a series of eight shallow to moderately dipping en-echelon overlapping zones hosted within a dacitic and minor serpentinite unit. Zones are composed of sheeted and stockwork pyrite-chalcopyrite veins, veinlets and disseminations carrying gold.
The 234-hectare Lone Star copper-gold Project is centred on an area 40 kilometres north north-west of Republic, Washington and adjacent to the Canada-USA border. The property is 12 kilometres west south-west of Grand Forks, British Columbia and 12 kilometres south-east of Greenwood, British Columbia, Canada. T
he claims are currently only accessible from the USA side although in the mid 1970’s an active haul road linked the Lone Star deposit north. For further information please visit: https://www.marqueeresources.com.au/
