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New Century Resources Ltd.
Summary
| Project: | Century Mine | |
|---|---|---|
| Deposit: | South Block | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 8/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-8-2017: New Century Resources Ltd. announces an Exploration/Drilling Update report for its South Block deposit at the Century Mine project. Drilling results incl. 26.4m @ 6.15% Zn, 1.97% Pb, 44.73g/t Ag from 75.6m. New Century Resources Limited (Company | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Damian O'Donohue (Internal) | |
| ABSTRACT: | New Century Resources Limited (Company or New Century) (ASX: NCZ) is pleased to announce the results of a preliminary review and verification of historical drilling information from the zone known as ‘South Block’ at the Century Zinc Mine. South Block is located on the southernmost portion of the original Century ore body and directly adjacent to the existing processing plant. Based on the review undertaken by the Company of the historical dataset, the remaining Centurystyle Zn-Pb-Ag mineralisation is tabular in geometry and measures approximately 1,000m in length, 115m in width and is up to 30m thick. A total of 44 drill holes, totaling 7,877m of historical drilling, have now been reviewed by the Company. Commenting on South Block, New Century Resources Managing Director Patrick Walta said: “The existing defined resources at Century are already on a scale that dwarfs every credible near term zinc and lead producer on the ASX. Beyond the Century Tailings Deposit, which already contains nearly 2Mt of zinc metal, it is fantastic to continue to identify further in-situ zinc mineralisation which may provide the Company with options for blending or campaign mining prior to or immediately following the planned tailings reprocessing operations. The South Block mineralisaton has strong potential for conversion to a JORC compliant Mineral Resource in the near future and therefore can complement the already substantial in-situ resources at Silver King and East Fault Block. Given the significant potential of South Block and its location, being less than 500m from the existing Century processing plant, the Company is excited by the opportunity to assess potential options for monetisation of the mineralised area.” | |
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