Sabre Resources reports more high grades from the Kaskara copper-lead-zinc discovery
The Kaskara copper-lead-zinc prospect is shaping up to be a major asset for Sabre Resources (ASX: SBR) after the company announced the discovery was "larger than originally identified".
The latest announcement saw shares increase slightly by 2c to 33c.
Although the final extent of the discovery is not yet determined, with further extensions to discovery zone expected, the company expects the prospect to be significant.
Kaskara is located at the heart of the Ongava Poly-Metallic Project in northern Namibia.
The project occupies the centre of the highly prospective Otavi Mountain Land - a historic world-renowned mining region and home to the world-class Tsumeb copper-lead-zinc-silver mine (now closed).
Sabre is focusing on a Tsumeb-style model for mineralisation at Kaskara. The world-class Tsumeb mine, 40 km to the north of Kaskara, was operational from 1907 to 1993. The total production at Tsumeb was around: 24.8 Mt @ 5.50% copper, 11.82% lead, 4.19% zinc, and 171.3g/t silver.
Initial investigations reported to the ASX on 24 September 2009 identified one gossan at three separate locations. Now, sixteen massive gossan units have been identified.
Numerous zones containing high grades within these gossans can extend over tens of metres, and are linked together by zones containing lower and more moderate grades.
Sabre company secretary Norman Grafton said the company was very excited by the new results received from Kaskara and believed the project was potentially a significant discovery.
"Numerous, laterally extensive, massive zones of mineralisation defined at surface are encapsulated by a halo of disseminated mineralisation so the potential for significant sulphide mineralisation to be present at depth is high," Mr Grafton said.
"Work on site is ongoing, with the final extent of the surface discovery zone still yet to be determined.
"A geophysical programme will commence shortly, to assist in defining the extent of the discovery and to locate prime drill targets. The Company looks forward to reporting future exploration results from Kaskara as work continues.
"Sabre intends to progress exploration to a stage ready for drilling as rapidly as possible."
Comprehensive mapping and sampling at Kaskara has yielded more exceptionally high-grade results for copper, lead and zinc at numerous localities over the prospect.
The new data yields values of up to 16.0% copper, over 35.0% lead, and up to 27.4% zinc.
This data, which was collected from different locations to the first phase of sampling, validates the reporting of the discovery data of up to 23.5% copper, over 35.0% lead, and up to 34.4% zinc.
Kaskara is located at the heart of the Ongava Poly-Metallic Project in northern Namibia.
The project occupies the centre of the highly prospective Otavi Mountain Land, a historic world-renowned mining region and home to the world-class Tsumeb copper-lead-zinc-silver mine.
According to the company, the geological setting and metal association of Kaskara is similar to the world-class Tsumeb copper deposit, located 40km north of the prospect.
The total Tsumeb production was around 24.8 Mt @ 5.50% copper, 11.82% lead, 4.19% zinc, and 171.3g/t silver.
Sabre is now preparing to commence a geophysical survey to aid in generating future drilling targets.
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