view4DS Memory Ltd

Fitzroy Resources in massive sulphide hit at Develin Creek


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.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: 4DS Memory Ltd

Price: 0.061 AUD

Market: ASX
Market Cap: $69.48 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Cassini Resources managing director Richard Bevan talks about the next...

Cassini Resources Limited (ASX:CZI) managing director Richard Bevan joins Proactive's Benjamin Starr and talks about the next mining province in Australia for nickel and copper as well as the big picture plans for the future. Richard also gives investors an insight at what these reults mean...

2 days, 17 hours ago

2 min read