Rincon Resources Limited (ASX:RCR) continues to progress the company’s Phase 2 drilling campaign at its flagship South Telfer Copper-Gold Project, located in the Paterson Province, Western Australia.
The project is located 12km south of the major Telfer Gold Mine.
The Exploration Incentive Scheme (EIS) co-funded diamond drillhole 22STDC002 is now complete. The EIS hole was designed to test the ‘Hasties Deep’ target area for structurally controlled copper-gold mineralisation at the apex, and along the eastern limb zone, of a folded Dolerite Sill.
22STDC002, drilled to 660m, successfully intersected the target fold axis zone near the apex of the Dolerite, approximately 350m below the surface, and about 150m below the deepest drilled copper-gold mineralisation at the Hasties Main Zone. The hole proceeded to drill through the Dolerite and tested the eastern limb contact zone.
“We are pleased to have completed, and successfully intersected the ‘Hasties Deeps’ target zones as intended, with multiple zones of alteration, veining, brecciation and sulphides observed throughout the hole,” Managing Director, Gary Harvey, said.
“We are encouraged to see evidence of a sequence of alteration events that can be considered similar to other mineral systems in the Paterson Province.
“While we now await the final assays, we have already engaged industry consultant Outcrop Exploration Services to assist in assessing the alteration and structure observed, which will inform our strategy for the remaining RC drilling programme.”
Multiple zones of intense alteration, veining, brecciation and sulphides (mainly pyrite and minor chalcopyrite) were intersected throughout and proximal to target zones, including zones of disseminated sulphides (chalcopyrite ± pyrite), alteration and veining also within the Dolerite.
The hole has now been processed and samples sent to the laboratory for assaying. Assay results are expected within 6-8 weeks.
Next Steps and Other Activities
The company is awaiting the arrival of the RC drill rig to complete the remaining ~2,300m of RC drilling of the Phase 2 drilling programme.
Prior to this, the company will complete a comprehensive alteration and structural assessment of 22STDC002, with the assistance of Outcrop Exploration Services. This assessment may result in a revised interpretation of the Hasties mineral system and therefore an alternative strategy for the remaining RC drilling programme
Pending completion of the Phase 2 drilling programme at Hasties, the following additional activities have been planned for 2022 at the South Telfer Project.
1. Detailed structural mapping over the Hasties Prospect area and advanced 3D modelling of the mapped Hasties geology and structure combined with forthcoming RC and DD drilling data.
2. Up to 10,000m of aircore drilling to commence testing new VTEM targets along the Hasties-Grace and Dolphy-Westin Trends/
3. Orientation Ultrafine Fraction Soil sampling survey over the Westin Prospect area, and
4. Dependant on the results of Phase 2, planning and preparations for follow-up RC and/or DD drilling programmes at Hasties, RC drilling at Frenchman’s and RC/Aircore drilling Kurili Hill prospects.
For further information please visit: https://www.rinconresources.com.au/
