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Silver City Minerals identifies multiple gold, copper targets for follow-up drilling

Highlight intersections include 4 metres at 6.1% copper and 4.2 g/t gold.

old mine workings at Copper Blow
Drilling shows strong mineralisation over 600 metres

Silver City Minerals Ltd’s (ASX:SCI) first drilling program at the Copper Blow project in New South Wales has returned significant drill hole intersections over 600 metres in strike.

Highlight intersections include 4 metres at 6.1% copper and 4.2 g/t gold.

Multiple geophysical and geochemical targets for follow-up drilling

The company has identified a prospective magnetic linear anomaly, which corresponds to a magnetite-enriched shear zone extending for over six kilometres.

Surface geochemical data (drilling, trenching and rock chip sampling) indicates that copper, gold and cobalt are anomalous over at least four kilometres.

At the Copper Blow prospect, drilling shows strong mineralisation over 600 metres with further potential immediately along strike.

The geological interpretation suggests the mineralisation is hosted in south or southwest plunging shoots within a broad, hydrothermally altered shear zone.

Significant copper-rich Intersections

Silver City has received results from all eleven drill holes completed at Copper Blow. Highlight intersections include:

- 4 metres at 6.1% copper, 4.23 g/t gold, 13 g/t silver and 220 ppm cobalt from 188 metres, including 1 metre at 11.3% copper, 10.7 g/t gold, 25 g/t silver and 405 ppm cobalt from 191 metres; and

- 2 metres at 2.4% copper, 0.8 g/t gold, 5 g/t silver and 95 ppm cobalt from 162 metres.

The down-plunge extensions of these shoots both north and south of the Central Fault provide excellent targets for follow-up drilling.

Further to the drilling, new geophysical data and rock chip samples indicate at least four coincident and untested anomalies within a four kilometre zone.

These have potential to represent copper-gold enriched plunging shoots like Copper Blow and similarly provide promising exploration targets for follow-up drilling.

Background

The company has undertaken an initial exploration program for copper, gold and cobalt at the Copper Blow project located circa 20 kilometres south of Broken Hill.

Mineralisation shows strong geological similarities to iron oxide copper-gold deposits (IOCG) in Queensland such as Ernest Henry, Selwyn and Osborne.

Quick facts: Silver City Minerals Ltd

Price: 0.014 AUD

ASX:SCI
Market: ASX
Market Cap: $5.16 m
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Silver City Minerals expanding surveys to generate new IOCG drilling targets

Chris Torrey, managing director of Silver City Minerals Ltd (ASX:SCI), updates Proactive Investors on the explorer's efforts to find the source of high grade mineralisation at the Copper Blow Project, located 20 kilometres south of Broken Hill in New South Wales, Australia. The company...

on 20/11/18

2 min read