Voyager Resources' (ASX: VOR) focus for 2011 is to explore and develop resources at the Khongor Copper Gold Project in Mongolia.
Voyager Resources (ASX: VOR) has unveiled another discovery at its KM Copper Porphyry Project in the South Gobi Region of southern Mongolia, with results including 46 metres at 1.1% copper and 14.1 grams per tonne (g/t) silver from 16 metres.
The outstanding results have come from initial drilling on the Gaans Prospect and also include 38 metres at 0.88% copper and 4.5 g/t silver from 22 metres.
Voyager is bullish that the KM Project is an exceptional porphyry copper project that has the potential to be a company making asset.
Gaans is located about 2.5 kilometres east of the previously reported Cughur discovery, believed to be hosted in the same magmatic hydrothermal breccia.
Exploration and development drilling is continuing full steam ahead at Gaans and Cughur and other regional targets, with five rigs operating on site including two reverse circulation drill rigs and three diamond core rigs.
Further drilling at the Cughur discovery has also intersected:
- 107 metres at 1.5% copper and 1.4 g/t silver from 20 metres;
- 72 metres at 0.8% copper and 2.9 g/t silver from 32 metres; and
- 24 metres at 1.4% copper and 4.0 g/t silver from 54 metres.
In addition, completed diamond tails have extended previously reported mineralisation in completed drilling at Cughur and include:
- 116 metres at 2.4% copper and 7.2 g/t silver from 30 metres;
- 36 metres at 1.7% copper and 5.5 g/t silver from 70 metres; and
- 130 metres at 0.9% copper and 2.5 g/t silver from 22 metres.
Since late June, Voyager has completed 86 reverse circulation holes, 27 diamond core holes and 13 diamond core tails, with drilling continuing to intersect copper mineralisation. In addition to the drilling, Voyager has completed several geophysical and geochemical surveys over the KM Copper Porphyry Project (Voyager 50%, earning a further 30%).
Voyager now believes that the magmatic hydrothermal breccias intersected in drilling at Gaans and Cughur form a continuous semi circular annulus to the south of a large granitic complex.
The hydrothermal breccia is interpreted to have a surface projected area exceeding 5.2 square kilometres and could be one of the largest breccia complexes found to date.