logo-loader

Discovery Metals extends strike of copper prospect to 18 kilometres

Published: 21:18 07 Aug 2008 AEST

no_picture_pai
Discovery Metals substantially increased the chances of adding more tonnage to the Boseto Copper Project in Botswana after announcing that it had extended the prospective strike length of the Quirinus prospect to 18 kilometres today.

The Quirinus prospect was confirmed as a discovery last year after Discovery intersected copper-silver mineralisation in the first three holes drilled into the prospect. Since then, Discovery has been conducting extensive geochemical sampling and mapping over the area to better pinpoint the areas of most interest for follow up drilling.

The company has already defined 49.1 million tonnes of inferred and indicated resources from the Zeta, Plutus and Petra prospects grading 1.2% copper at an average cut-off grade of 0.6% copper.

Today Discovery said that three discrete anomalous copper zones had now been delineated at Quirinus over 13.4 kilometres, with one zone extending over 8 kilometres of the northern limb of Quirinus.

"Importantly, Discovery Metals has a successful 100% track record of conversion of copper soil geochemical anomalies into mineralisation defined in drill holes beneath these anomalies at the Boseto Copper Project." the company said.

"Discovery Metals has 1,300 kilometres of prospective strike length to explore within its 100%-owned tenement package. A diamond drilling program has commenced at Quirinus and we look forward to the initial assay results by the end of the quarter" added Discovery Metal's Managing Director, Brad Sampson.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

8 hours, 24 minutes ago