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Silver City Minerals Ltd.
Summary
| Project: | Broken Hill | |
|---|---|---|
| Deposit: | Copper Blow | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Cobalt | |
| Date: | 11/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-11-2018: Silver City Minerals Ltd. announces an Exploration/Drilling Update report for its Copper Blow deposit at the Broken Hill project. Drilling results incl. 2m @ 1.50% Cu, 0.03g/t Au from 216m. 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”) the base and precious metals exploration Company targeting the NSW mining districts of Broken Hill and Cobar, provides shareholders with an update from the first hole of the recently completed drill program at the Copper Blow Project, located 20 kilometres south of Broken Hill. The first hole 18CB071 has returned the following intersections, located in a shear-fracture zone subparallel to the main Copper Blow Shear (Figure 2). While the Copper Blow Shear was intersected for over 70 metres downhole (ASX Release 4 October 2018) it did not host appreciable copper-gold mineralisation. Analytical results for the second hole of the program (18CB072) are currently pending. Finely disseminated and stringer sulphides including pyrite, pyrrhotite, chalcopyrite and molybdenite were recognised in hole 18CB072 in two broad intervals cumulatively over 230 metres. Overall these contain approximately 0.5 to 1% total sulphide (Figure 3). The disseminated and stringer veinlet sulphide mineralisation is reminiscent of that which occurs in association with iron oxide copper-gold systems (IOCG) and/or porphyry copper deposits. Whilst the Company does not anticipate a high copper grade, the presence of strong potassic alteration and the occurrence of late sulphide-bearing veins including molybdenite suggest a magmatic (igneous intrusion) source to mineralising fluids. | |
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