Proactive Investors - Run By Investors For Investors

Accelerate Resources completes deep hole targeting porphyry

The drill core will now be sent to the lab for official assaying.
 IP chargeability and magnetic inversion shells targeted by TCDD004
The IP chargeability and magnetic inversion shells targeted by TCDD004

Accelerate Resources Ltd (ASX:AX8) has completed deep drill hole TCDD004 at the Thomas Creek cobalt-copper porphyry target of its Mount Read project in western Tasmania.

TCDD004 ended at 657 metres depth and was targeting a coincident magnetic feature and IP anomaly porphyry target.

Chalcopyrite veining in several zones and visible copper sulphides from 199 to 298 metres confirm the geological potential and scale.

The diamond drill core is now being dispatched for cutting sampling and assaying.

READ: Accelerate Resources’ drilling intersects wide zone of visible copper at Thomas Creek

While assays are pending, near-term plans include detailed airborne geophysical surveys and detailed ground mapping and soil sampling.

Holes TCDD004 follows TCDD001, TCDD002 and TCDD003 targeting strong chargeability highs and resistivity lows within a large 3D inversion modelled IP chargeability anomaly.

These holes intersected a fertile mineralised system bearing abundant disseminated sulphides and containing intrusions and sulphide veining with associated anomalous copper-cobalt grades.

Best results included 3 metres at 2323 ppm cobalt and 0.09% copper in TCDD001; 46 metres at 0.11% copper in TCDD002; 22 metres at 193 ppm cobalt and 0.01% copper in TCDD003.

View full AX8 profile View Profile

Accelerate Resources Ltd Timeline

Related Articles

Diammonium phosphate fertiliser produced from Ammaroo ore
April 02 2019
If shareholders agree, the natural resources fund may take over a lion’s share of VRM this quarter then delist the entity.
electicity wires
March 26 2019
'We have four key projects which we are developing in parallel'
Gold mining project development operations at West Wits Mining
April 09 2019
Sixty per cent of Mt Cecelia project’s boundaries are surrounded by Rio Tinto, which has upped its landholding in the region by 1,000%.

© 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