Symbol Mining Ltd (ASX:SL1) has resumed drilling as it aims to upgrade zinc resources of the Macy deposit within its Imperial project in Nigeria.
Macy hosts an inferred and indicated resource of 122,900 tonnes at 21.9% zinc and 4.4% lead.
A 1,000 metre infill drilling program is underway within the 250 metres of strike at Macy and is scheduled for completion by the end of January.
Assessing economic viability
As well as upgrading the inferred resource, the program aims to assess the economic viability of the deposit to generate early cash flow.
Symbol then plans a 5,000 metre drilling program to test at least 30 highly prospective shallow regional prospects as well as extensions at Macy.
The company is focusing on shallow mineralisation which would be suitable for open cut mining.
To date, 28 diamond drill holes have been completed for 2,482 metres.
Best result of 51.7% zinc
Best zinc results include 4 metres at 51.7% from 51 metres, 8.9 metres at 41.1% from 30 metres and 6 metres at 38.1% from 30 metres.
Symbol is also upgrading the access road, campsite and infrastructure to cater for the increased drilling activity.
The Imperial project comprises three exploration leases covering 510 square kilometres with seven main areas for new mineralisation.
There are also numerous other areas of small-scale artisanal workings.
Macy is the first of the company’s many targets within the project and the mineralised structure that hosts the deposit extends for 3.5 kilometres.