Fitzroy Resources (ASX:FRY) and Zenith Minerals (ASX:ZNC) drilling has confirmed high-grade resource extensions to the Sulphide City Deposit at Develin Creek in Queensland.
New massive sulphide results include 5 metres at 2.45% copper, 2.14% zinc, 0.4 g/t gold and 30.7 g/t silver for 3.72% copper equivalent.
Other assays included 3 metres at 2.63% copper, 0.88% zinc, 0.5 g/t gold and 36.7 g/t silver for 3.58% copper equivalent.
Drilling at the Window Deposit indicates a thick sub-horizontal near surface high-grade copper zone. New results here included 37 metres at 0.98% copper, including 13 metres at 1.21% copper from 45 metres.
Fitzroy holds a 49% interest in the project; Zenith owns 51% with the right to move to 100%.
The Develin Creek base metals project hosts several copper-zinc-gold volcanic hosted massive sulphide deposits and covers an extensive belt of underexplored prospective volcanics.
Mineralisation comprises massive sulphide, stringer and breccia style copper-zinc-gold deposits, hosted by basalts.
The new drilling has confirmed that the high-grade core of the Sulphide City deposit extends a further 140 metres south of the existing JORC resource, and support results from a 2011 hole that returned 13.2 metres at 3.3% copper, 4% zinc and 0.4g/t gold.
Fitzroy is very lightly capitalised at under $1 million.
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