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Silver City Minerals Ltd.
Summary
| Project: | Broken Hill | |
|---|---|---|
| Deposit: | Copper Blow | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Cobalt | |
| Date: | 2/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2018: Silver City Minerals Ltd. announces an Exploration/Drilling Update report for its Copper Blow deposit at the Broken Hill project. Drilling results incl. 41.2m @ 1.3% Cu, 0.40g/t Au from 183.8m. Silver City Minerals Limited (ASX: SCI) (“Silver C | |
| 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 results from four diamond drill holes recently completed at Copper Blow, 20 kilometres south of Broken HillIn recent ASX releases (22 January 2018 and 5 February 2018) the Company reported intersections of massive magnetite-sulphide veins (holes 18CB052 and 53 and 17CB046) and a zone of disseminated and banded copper mineralisation in hole 18CB054. The Company reported that copper-gold mineralisation outlined in drill holes is hosted within two pod-like magnetic anomalies (North and South Zones) with a collective strike extent of 1 kilometre. These zones are interpreted to be separated by a fault and are located in the south-western part of a magnetic-high linear anomaly that extends for 4.5 kilometres to the northeast. This linear feature hosts an additional seven untested magnetic anomalies, all of which have potential to host copper-gold mineralisation (Figure 1). The North and South Zones both host copper, gold and cobalt mineralisation within a northeast-trending biotite and magnetite-altered shear zone. The grade and morphology of the mineralised zones changes from South to North across the interpreted fault. In the South Zone, veins and biotite and magnetite-bearing shears host sulphide mineralisation ranging in estimated true thickness from 0.3 to 10 metres. Grades are variable and this zone hosts some of the highest grade intersections encountered in the project to date (for example Hole CB09: 11.8 metres at 6.7% copper and 1.92 g/t gold and 17CB041: 4 metres at 6.1% copper, 4.23 g/t Au, 13 g/t Ag and 220 ppm cobalt including 1 metre at 11.3% copper, 10.7 g/t gold, 25 g/t silver and 405 ppm cobalt ; ASX Releases 4 May 2017 and 5 October 2017). | |
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