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Silver City Minerals Ltd.
Summary
| Project: | Broken Hill | |
|---|---|---|
| Deposit: | Copper Blow | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver-Cobalt | |
| Date: | 10/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-10-2017: 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, 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 drilled two significant copper sulphide intersections in its first reverse circulation drill hole (17CB041) at Copper Blow, located approximately 20 kilometres south of Broken Hill. The intersections comprise strong chalcopyrite (copper sulphide) mineralisation with lesser amounts of iron sulphides (pyrrhotite and pyrite) intimately associated with strong magnetite and biotite alteration (ASX Release 11 September 2017; Plate 1). This was the first RC hole of the program and lies in the southern part of the prospect where little detailed drilling has been undertaken (Figure 1). Managing Director Chris Torrey commented…” this is an excellent result from one of the first holes in the program. It shows the high grade mineralisation is open to the south where it remains untested. Magnetic and RAB copper anomalies continue in this south and southwesterly direction providing significant exploration upside”. The Company is currently conducting downhole electromagnetic (EM) surveys in the area of drilling and has commenced detailed magnetic and gravity surveys to track the prospective horizons along strike. Existing magnetic maps and historic RAB geochemistry suggest potential for copper mineralisation for a strike length in excess of 6 kilometres (Figure 2). | |
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