Rincon Resources Limited (ASX:RCR) ) has received further promising assay results from its maiden drilling programme at the 100% owned South Telfer Gold-Copper Project, located in the Paterson Province, Western Australia.
The latest results are for 10 holes (21STRC006-015) from the company’s maiden 27 hole, 4,944m RC drilling programme completed at the Hasties Prospect in August this year. Results for the final 12 holes remain outstanding.
Drilling within the Hasties Main zone has intersected wide zones of high-grade copper-gold mineralisation over 150m of strike thus far.
Significant copper-gold intersections include:
- 42m @ 1.17g/t Au & 0.26% Cu from surface including: 12m @ 2.53g/t Au from surface; 7m @ 0.86% Cu & 0.33g/t Au from 13m (incl. 3m @ 1.11% Cu & 1m @ 1.76% Cu); and 5m @ 0.99% Cu from 95m (incl. 1m @ 3.06% Cu).
- 48m @ 0.69g/t Au & 0.05% Cu from surface including: 12m @ 1.13g/t Au from 33m; 8m @ 1.06g/t Au from 66m (incl. 2m @ 1.74% Cu); and 2m @ 1.76% Cu from 84m.
- 94m @ 0.64g/t Au & 0.58% Cu from 7m including: 8m @ 1.58g/t Au from 19m; 5m @ 1.60g/t Au from 32m; 4m @ 5.31% Cu & 0.34g/t Au from 57m; and 8m @ 2.64% Cu & 0.71g/t Au from 87m.
- 32m @ 0.60g/t Au & 0.43% Cu from 124m including: 8m @ 1.18g/t Au & 0.58% Cu from 128m (incl. 3m @ 1.78g/t Au & 1.22% Cu)
“We are now starting to see the real potential of the Hasties Prospect, with wide high-grade coppergold mineralisation intersected at surface to a depth of over 100 metres and mineralisation open in all directions,” Managing Director and CEO, Gary Harvey, said.
“These results, from the Hasties Main zone at the Hasties Prospect, are nothing short of exceptional and located just 12km south of the 32Moz Telfer Gold Mine.
“These results are approximately 1km north-west from the excellent results previously released and continue to demonstrate the potential of the South Telfer Project to host significant copper-gold mineralisation.”
Next Steps
The Phase 2, 5,000m RC and diamond drilling programme is scheduled to commence from late October 2021.
Logistical planning is well underway with statutory approvals received and Heritage surveys scheduled to commence mid-October.
The Phase 2 programme will also test new target areas including those identified from the GAIP geophysical survey over the greater Hasties Prospect area completed earlier in the year.
For further information please visit: https://www.rinconresources.com.au/
