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Silver City Minerals Ltd.
Summary
| Project: | Broken Hill | |
|---|---|---|
| Deposit: | Copper Blow | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Cobalt | |
| Date: | 5/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-5-2018: Silver City Minerals Ltd. announces an Exploration/Drilling Update report for its Copper Blow deposit at the Broken Hill project. Drilling results incl. 75m @ 0.6% Cu, 0.12g/t Au from 172m. 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 results from the first two diamond drill holes completed in the current drilling program at Copper Blow 20 kilometres south of Broken Hill. Copper-gold mineralisation extends for at least 200 metres along strike and 270 metres down dip from surface and is open in all directions. Background The focus of recent drilling has been the North Zone represented by a magnetic anomaly which is 450 metres long and up to 80 metres wide. It is just one of seven strong magnetic anomalies along the shear zone (Figure 2). The rock in this zone produces a distinctive induced polarisation geophysical anomaly which is attributed to the presence of abundant copper and iron sulphide hosted within a magnetite body. Drilling suggests it is particularly enriched in copper sulphide. In January this year the Company drilled a hole to test the North Zone at depth. Hole 18CB054 returned an intersection of 42.2 metres at 1.3% copper and 0.4 g/t gold in a magnetite-rich rock at a vertical depth of approximately 200 metres. (ASX Release 22 February 2018). This is considered to be a significant copper-gold intersection. Holes 18CB054, 18CB057 and several historic RC holes at shallower depths indicated that a broad zone of copper-gold mineralisation extended from surface to at least 270 metres (ASX Release 21 May 2018; Figure 5). Copper Blow is located close to the large mining and infrastructure facilities at Broken Hill. | |
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