Marquee Resources Limited (ASX:MQR) has intersected visible chalcopyrite-pyrite mineralisation in the first ten holes in its DD programme at the Lone Star Copper-Gold Project, Washington State, USA.
The initial ten drill holes(~1,840m) out of the 42-hole (~6,000m) diamond drilling campaign have been completed, logged and sent to the lab, with multiple zones of visible chalcopyrite-pyrite mineralisation being observed in all logged drill cores. The second batch of assay results are due in early-February and the third batch has now arrived at the laboratory.
“It’s exciting to continue to see visible chalcopyrite-pyrite mineralisation in all 10 of the logged drill holes as we rapidly progress through the drilling programme,” Executive Chairman, Charles Thomas, said.
“Particularly observing wide zones of sulphides in our eastern drill holes which are aimed to test the downdip potential of the Project.
“The drilling programme is progressing at an impressive pace considering the winter conditions the crew are fighting with and every hole we drill grows our confidence in the quality of the Lone Star Project.
“We are also pushing drill hole depths well beyond the historical data so we’re looking forward to seeing this project evolve.
“We’re looking forward to the next batch of results and we continue to push for a JORC compliant resource to be delivered in the first half of 2022.”
The company plans to drill a total of 42 drill holes for approximately 6,000m of diamond drilling at the Lone Star Copper-Gold Project which is expected to be completed in Q1-2022.
The drilling programme has been designed to satisfy three key objectives:
- Validate the historical drill hole database and resource model;
- Deliver a JORC compliant mineral resource estimate; and
- Test for extensions to the historical resource. Z
Zones of sulphide mineralisation have been intersected in all holes drilled to date with significant intervals from the first two drill including:
LS21-001 44.2m @ 1.3% Cu from 65.8m (including 19.8m @ 2.4% Cu) ; 2.1m @ 1.15% Cu from 140.4m (including 8.5m @ 2.1% Cu)
LS21-002 15.54m @ 3.7% Cu & 1.8g/t Au from 48.3m (including. 2.6m @ 18.5% Cu & 10.4g/t Au); 53.6m @ 0.8% Cu from 120.7m (including 7.6m @ 2.1% Cu & 1.4g/t Au)
Drilling has been continuing around the clock and 14 drill holes have been completed for 2,385m.
For further information please visit: https://www.marqueeresources.com.au/
