Encouraging Results from Initial Drilling at Forgan's Find

February 24, 2016

First drill hole intersects sulphides potentially on the edge of a larger mineralised system

Highlights

  • Recent diamond drilling at the Forgan’s Find VMS prospect (Ararat Project) returns narrow intervals of massive to stringer sulphide zinc and copper mineralisation, including:
    • 0.2 metres at 1.77% zinc and 0.12% copper
    • 0.25 metres at 0.57% zinc and 0.13% copper
    • 0.25 metres at 0.41% zinc
  • The higher zinc-to-copper values seen at Forgan’s Find compared to the nearby Mt Ararat copper-gold-zinc VMS deposit (1.3Mt at 2% copper, 0.5 g/t gold and 0.4% zinc) suggests a more distal setting for these results at Forgan’s Find
  • Down-hole EM proposed to identify thicker, better developed mineralisation in a more copper and gold-rich central core
  • Soil sampling programmes well advanced along 13km extension to the prospective VMS horizon – and will also assist in targeting gold mineralisation

CLICK HERE FOR FULL ANNOUNCEMENT