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DevEx Resources Ltd.
Summary
| Project: | Bogong | |
|---|---|---|
| Deposit: | Bogong | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 1/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2020: DevEx Resources Ltd. announces an Exploration/Drilling Update report for its Bogong deposit at the Bogong project. Drilling results incl. 29m @ 0.5% Cu, 0.03g/t Au, 2.6g/t Ag from 71m. DevEx Resources (ASX: DEV or “the Company”) advises that it | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brendan Bradley (Internal) | |
| ABSTRACT: | DevEx Resources (ASX: DEV or “the Company”) advises that it has received all results from its Stage 1 reconnaissance drilling programme at the 100%-owned Bogong Copper-Gold Project in NSW. The wide-spaced drilling program has confirmed the continuation of a zone of structurally controlled copper sulphide mineralisation (chalcopyrite and bornite) within and adjacent to a brecciated felsic porphyry (diorite), now extending over a strike length of over 400 metres. Of most significance, assay results show that the zone dips to the west and remains open to the south and at depth beneath Hole 3, indicating that there is potential for structural repetition of the mineralised breccia. The copper mineralisation at Bogong shows a close association with strong sodic and silica alteration of the diorite which, in turn, lies within a broader potassic alteration system. Higher concentrations of copper sulphide mineralisation (both bornite and chalcopyrite) appear to be associated with a series of east-dipping breccias of variable thickness, as seen on Section 6081600mN (Line 600mN, Figure 1). However, both the breccia and significant copper mineralisation is absent in Hole 19BGDD006 (Hole 6). Geological observations in Hole 6 of a strong shear zone at the western contact between the diorite and volcanic indicate the possibility of a fault offset to the mineralised breccia zone. The potential for a repetition of the mineralised breccia beneath Hole 6 requires further investigation. | |
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