Rio Tinto
(ASX:RIO) has discovered copper-gold mineralisation at the Winu project in the Yeneena Basin of the Paterson Province in Western Australia.
The Winu project is approximately 130 km north of the Telfer mine and 350 km southeast of Port Hedland.
The discovery was made by Rio Tinto Exploration (RTX) who are conducting a program targeted at finding copper mineralisation in the area.
Assay results to date indicate relatively wide intersections of copper mineralisation associated with gold and silver.
While results are encouraging, the exploration project is still at an early stage and drilling to date does not allow sufficient understanding of the mineralised body to assess the potential size or quality of the mineralisation nor to enable estimation of a Mineral Resource.
Shares in Rio Tinto
(ASX:RIO) closed 0.59 per cent higher to $95.12 yesterday.
