Proactive Investors - Run By Investors For Investors

Silver City Minerals plans more drilling to test copper-gold potential at Copper Blow

The copper-gold mineralisation located in ironstone at Copper Blow is part of a larger mineral system
project area
The company's resource assessment and drilling will continue

Silver City Minerals Ltd (ASX:SCI) is planning to undertake an extensive geochemical sampling program using rotary air blast drilling to sample bedrock under the alluvial cover at its Copper Blow Project in New South Wales.

This will be carried out in conjunction with further ground geophysical surveys including gravity and IP (induced polarisation) to generate new drill targets.

READ: Silver City Minerals receives drill results from Copper Blow, suspected larger system nearby

To date, exploration carried out at Copper Blow by Silver City and joint venture partner CBH Resources, has focussed on an ironstone-hosted high-grade copper-gold zone within a well define crustal structure known as the Copper Blow Shear Zone.

It is clear that copper-gold mineralisation located in ironstone at Copper Blow is part of a larger mineral system which covers much of the eastern part of the tenure.

 

The company’s recent drilling of broad zones of finely disseminated sulphide returned no significant copper or gold.

This follows a hole which returned a broad intersection through the Copper Blow Shear, but hosted only moderate amounts of magnetite and little copper sulphide.

From these results, Silver City is encouraged by the extent of the sulphide and strong alteration demonstrated, as this is considered geologically significant with respect to intrusion-related IOCG mineralisation that the company is targeting.

Iron oxide copper gold (IOCG) deposits in cratonic rocks in the Gawler and Curnamona Provinces

Silver City’s resource assessment and drilling will continue at the main Copper Blow prospect to study the potential of toll treating high-grade mineralisation at the treatment plants in Broken Hill.

View full SCI profile View Profile

Silver City Minerals Ltd Timeline

Related Articles

Gold
March 20 2019
The company aims to unlock the potential of Japan’s gold resources
Inspection at Cangai property
April 29 2019
The company has the Cangai Copper Project in northern NSW as its flagship asset.
First ore is loaded at Edna Beryl mine
January 21 2019
Emmerson sold Edna Beryl to Territory but will get 12% of gold ore produced.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use