Metals Australia Ltd (ASX:MLS) has received promising results from reverse circulation (RC) drilling at the Manindi Project, located 20 km southwest of Youanmi in the Murchison District of Western Australia
Drillhole MNRC070 that produced an “exceptional” intersection of high-grade zinc with copper and silver mineralisation at the Kultarr Zinc Prospect at the Manindi Project.
“This exceptional intersection of high-grade zinc mineralisation at Manindi is a key breakthrough for the Company, as it has opened up potential to significantly grow the already substantial zinc resources at the Project,” Chairman, Mike Scivolo, said.
“We now plan to carry out further diamond drilling to test the extensions of both the Kultarr and Kowari high-grade zinc resources – that have previously been identified by electromagnetic anomalies at depth.
“In addition to this zinc intersection, we have results to come imminently from thick lithium bearing intersections and a new sulphide discovery on a parallel trend to the west.”
The high-grade intersection in MNRC070 of 68m @ 3.09% Zn, 0.20% Cu, 2.33 g/t Ag from 89m, including 24.0m @ 6.47% Zn, 0.29% Cu, 3.58 g/t Ag from 100m, has extended the high-grade zinc mineralisation at the Kowarri Prospect down plunge to the west of previous high-grade intersections.
Previous electromagnetic (EM) surveys show EM anomalies at depth, below both the Kultarr (K2 anomaly) and Kowari (C1 anomaly) zones.
This drilling confirms that the high-grade zinc mineralisation extends beyond the previous drilling and opens-up potential to significantly expand the high-grade zinc resources at the prospect.
The Manindi Project is located on three granted mining licences and includes the high-grade Kultarr and Kowari Zinc deposits.
These deposits already host a JORC 2012, Measured, Indicated & Inferred Mineral Resource of 1.08Mt @ 6.52% Zn, 0.26% Cu, 3.19% Ag for 70,102t Zn (2% Zn cut-off)2 (including Measured: 37.7kt @ 10.22% Zn, 0.39% Cu, 6.24 g/t Ag; Indicated: 131.5kt @ 7.84% Zn, 0.32% Cu, 4.60 g/t Ag and Inferred: 906.7kt @ 6.17% Zn, 0.25% Cu, 2.86 g/t Ag)
For further information please visit: https://www.metalsaustralia.com.au/
