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Silver City Minerals Ltd.
Summary
| Project: | Broken Hill | |
|---|---|---|
| Deposit: | Copper Blow | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Cobalt | |
| Date: | 1/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-1-2018: 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, 13g/t Ag, 220ppm Co from 188m. Silver City Minerals Limited (ASX: | |
| 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 completed two holes in its follow-up drilling program at Copper Blow 20 kilometres south of Broken Hill. Strong copper sulphide mineralisation has been identified in numerous magnetite-sulphide veins in both holes. Complete assay results from the first hole are expected in approximately three weeks. A third hole has recently commenced. Initially three holes were planned (Phase 1 holes in Figures 1 and 2), however on the basis of visual results and a new geological interpretation an addition hole has been scheduled. Hole 18CB052 was collared close to the collar of 17CB041 which previously intersected two zones of high grade copper-gold mineralisation of 4 metres at 6.1% copper, 4.23 g/t Au, 13 g/t Ag and 220 ppm cobalt from 188 metres, including 1 metre at 11.3% copper, 10.7 g/t gold, 25 g/t silver and 405 ppm cobalt from 191 metres and 2 metres at 2.4% copper, 0.8 g/t gold, 5 g/t silver and 95 ppm cobalt from 162 metres (ASX Release 5 October 2017). 18CB052 was designed to test for deeper extensions to these zones and was drilled to 300.4 metres. Geological interpretation suggests that the down-dip extensions of both 17CB041 zones were encountered. Between 160 and 188 metres the hole encountered strongly biotite-silica altered metamorphic rocks with clusters of massive magnetite-sulphide veins. Vein clusters are strongest between 160 and 164 metres and 185 and 188 metres. Deeper in the hole a similar zone occurs between 224 and 264 metres, with vein clusters at 224 to 226 metres, 244 to 253 metres and 257 to 264 metres. | |
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