MINERALISED DEPTH DOUBLED AT PLUTUS WITH HIGH GRADE COPPER INTERSECTIONS
Highlights:
- An initial 11 hole deep drilling programme to test for underground mining
potential at Plutus has been completed
- All 11 holes have intersected copper silver mineralisation at depths of
approximately 350 metres below surface
- Assay results from the first 3 holes have been received with the best
mineralised intercepts:
Hole PSDD1187: 8.7m@ 1.8 % Cu & 26.2 g/t Ag
including 4.6m @ 2.3 % Cu & 31.9 g/t Ag
and 2.4m @ 2.0 % Cu & 31.9 g/t Ag
Hole PSDD1188 6.0m@ 1.5% Cu & 16.4 g/t Ag
- The grades and mineralised thickness for the 3 holes released compare
favourably with the grades and thickness in the areas planned for underground mining at the nearby Zeta Deposit, indicating that Plutus may also have potential for underground mining
- These results double the known depth of mineralisation at Plutus along the
approximate 7 kilometre strike length tested
- Remaining assay results from the deep drilling at Plutus are anticipated to be available by the end of the quarter
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