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Silver City Minerals Ltd.
Summary
| Project: | Broken Hill | |
|---|---|---|
| Deposit: | Copper Blow | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Cobalt | |
| Date: | 11/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-11-2017: Silver City Minerals Ltd. announces an Exploration/Drilling Update report for its Copper Blow deposit at the Broken Hill project. Drilling results incl. 4m @ 6.1% Cu, 4.23g/t Au from 188m. Silver City Minerals Limited (ASX: SCI) (“Silver City” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Torrey (Internal) | |
| ABSTRACT: | Silver City Minerals Limited (ASX: SCI) (“Silver City” or “the Company”) is pleased to announce that it has received final results from its recent exploration program at Copper Blow. This includes surface geochemical sampling, drill hole analyses and geophysical surveys. The results from the initial program have been very encouraging returning high grade copper, gold and cobalt intersections, new and coincident geophysical targets and elevated copper, gold and cobalt in rocks at surface. The Company has identified a prospective magnetic linear anomaly, which corresponds to a magnetite-enriched shear zone extending for over six kilometres. Surface geochemical data (RAB drilling, trenching and rock chip sampling) indicates that copper, gold and cobalt are anomalous over at least four kilometres. At the Copper Blow prospect, drilling shows strong mineralisation over 600 metres with further potential immediately along strike. The geological interpretation suggests the coppergold (cobalt) mineralisation is hosted in south or southwest plunging shoots within a broad, hydrothermally altered shear zone (Figure 3). The downplunge extensions of these shoots both north and south of the Central Fault provide excellent targets for follow-up drilling. This style of shoot morphology is common in shear-hosted mineral systems and is characterised by limited strike length at surface and extensive down plunge continuations. This is a feature of mineralisation in mines of the nearby Cobar district. Further to the drilling, new geophysical data and rock chip samples indicate at least four coincident and untested anomalies within a four kilometre zone. These have potential to represent copper-gold enriched plunging shoots like Copper Blow and similarly provide excellent exploration targets for follow-up drilling. | |
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