Discovery Metals
Discovery Metals combines an attractive portfolio of mineral assets in Africa and joint ventures in Australia. Its management team has a strong track record of success in finding and developing mineral resources. Currently Discovery Metals is concentrating on the assessment of the Boseto Copper Project in NW Botswana and the Dikoloti Nickel Project in NE Botswana. The Company moved into pre-feasibility mode for the Maun Copper Project in August 2007 with the aim of completing the pre-feasibility study by first quarter 2008.
Company information about: Discovery Metals
Thursday, June 05, 2008
Discovery Metals confirms copper potential at Quirinus
Discovery Metals (ASX:BSE / AIM:DME) announced results from the first three reverse circulation exploration drill holes into the Quirinus prospect which lies only 15 kilometres from the company's current copper-silver projects at Zeta, Plutus and Petra in Botswana.
Highlights included 4 metres grading 1.7% copper and 13 grams per tonne silver, and 6 metres grading 0.9% copper and 14 grams per tonne silver. All three holes were drilled to a depth of 90 metres, and Discovery Metals was keen to point out at that reverse circulation drilling at its other projects in the area tended to underestimate the copper grade of the mineralisation. The drilling also confirmed potential mineralisation over 600 metres of a 3,300 metre long copper anomaly at Quirinus. Additional drilling is underway.
"To date we have been drilling in areas which will allow us to fast track the development of a significant copper mine at Zeta, Plutus and Petra (Inferred Mineral Resource of 46.1 Mt at 1.3% Cu). We have now successfully taken the knowledge and experience gained during this work into our regional exploration programme and have already identified another very prospective green field area at Quirinus. We believe that these results reinforce the potential for finding further mineralisation within Discovery Metals' entire tenement package in north west Botswana. We know of a number of historic geochemical copper anomalies which have not been drill tested including a number in relatively close proximity to the existing Inferred Mineral resource at Zeta, Plutus and Petra. We believe that we are exploring in an emerging and significant copper province" commented Discovery Metals' Managing Director, Brad Sampson.
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Highlights included 4 metres grading 1.7% copper and 13 grams per tonne silver, and 6 metres grading 0.9% copper and 14 grams per tonne silver. All three holes were drilled to a depth of 90 metres, and Discovery Metals was keen to point out at that reverse circulation drilling at its other projects in the area tended to underestimate the copper grade of the mineralisation. The drilling also confirmed potential mineralisation over 600 metres of a 3,300 metre long copper anomaly at Quirinus. Additional drilling is underway.
"To date we have been drilling in areas which will allow us to fast track the development of a significant copper mine at Zeta, Plutus and Petra (Inferred Mineral Resource of 46.1 Mt at 1.3% Cu). We have now successfully taken the knowledge and experience gained during this work into our regional exploration programme and have already identified another very prospective green field area at Quirinus. We believe that these results reinforce the potential for finding further mineralisation within Discovery Metals' entire tenement package in north west Botswana. We know of a number of historic geochemical copper anomalies which have not been drill tested including a number in relatively close proximity to the existing Inferred Mineral resource at Zeta, Plutus and Petra. We believe that we are exploring in an emerging and significant copper province" commented Discovery Metals' Managing Director, Brad Sampson.
Other Discovery Metals articles
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18/12/08 Drilling boosts copper grade for Discovery Metal's Boseto Project
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24/07/08 Discovery Metals buoyed by pre-feasibility study for the Boseto Copper Project
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20/12/07 Discovery Metals: Solid Progress at Muan Copper Project
Other Discovery Metals news
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27/11/08 Discovery Metals identifies new copper anomaly that may extend Petra prospect in Botswana
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06/10/08 Discovery Metals ups tonnage and grade of Boseto Copper Project
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25/09/08 Fox-Davies Capital stays bullish on Discovery Metals
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24/09/08 Discovery Metals' drilling at Plutus confirms continuity of ore
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22/08/08 Discovery Metals expands Plutus Copper Prospect
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20/08/08 Discovery Metals raises £3.1 million
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07/08/08 Discovery Metals extends strike of copper prospect to 18 kilometres
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14/07/08 Discovery Metals extends Plutus by a kilometre
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13/06/08 Discovery Metals expands footprint in Botswana
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27/03/08 Discovery Metals doubles length of Quirinus Prospect
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