logo-loader
Silver City Minerals Ltd

Silver City Minerals to start follow-drilling for copper, gold in New South Wales

This drilling will target the interpreted extensions to known high grade mineralisation.

Old mine workings at copper blow
Aiming to start the drilling in December 2017

Silver City Minerals Ltd (ASX:SCI) is planning to commence a diamond drilling program for copper, gold and cobalt at the Copper Blow project located 20 kilometres south of Broken Hill in New South Wales.

The company had recently identified multiple targets for follow-up drilling at Copper Blow.

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

The highlight intersections from the eleven drill holes include 4 metres at 6.1% copper and 4.23 g/t gold from 188 metres, including 1 metre at 11.3% copper and 10.7 g/t gold from 191 metres.

The results have been very encouraging with a number a high quality follow-up targets immediately evident for further drill testing.

Silver City is allocating its existing funds for a follow-up program of three holes for a total of circa 850 metres (Phase 1).

This drilling will target the interpreted extensions to known high grade mineralisation over a down plunge distance of 200 metres.

In addition, the company will commence exploratory metallurgical testing on mineralised rock from recent drilling in order to determine the characteristics and recoverability of copper, gold and cobalt.

Silver City is aiming to commence Phase 1 drilling in December 2017, subject to environmental permitting and site access arrangements.

A second follow-up program (Phase 2), contingent on the results of the first, is also planned.

Quick facts: Silver City Minerals Ltd

Price: $0.01

Market: ASX
Market Cap: $3.82 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

In exchange for publishing services rendered by the Company on behalf of Silver City Minerals Ltd named herein, including the promotion by the Company of Silver City Minerals Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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