Proactive Investors - Run By Investors For Investors

Fe Limited partner’s drilling intersects visible primary copper in Bryah Basin

Visible copper mineralisation has been intersected in two diamond holes completed at the Forrest prospect.
Primary copper sulphide mineralisation (bornite) within quartz veining
Primary copper sulphide mineralisation (bornite) within quartz veining

Fe Limited’s (ASX:FEL) partner Auris Minerals Ltd (ASX:AUR) has intersected visible primary copper mineralisation in diamond drilling at the Forrest prospect in the Bryah Basin of Western Australia.

The project is held 20% by FEL and 80% by Auris.

Bornite mineralisation (dark blue) within quartz-carbonate veining (white) hosted by foliated ultramafic rock (green)

Auris exploration manager Matthew Svensson said: “The company is extremely excited to have intercepted primary copper sulphide mineralisation.

“This extends the footprint of known mineralisation, the extent of which remains open along strike and at depth.”

Auris shares opened more than 20% higher at 3.5 cents.

READ: Fe Limited partner reveals more copper and gold in Bryah Basin, Auris surges 70%

The drill rig is mobilising to the nearby Wodger prospect to drill one diamond hole aimed at laterally extend mineralisation to the north and to drill a diamond tail.

Drilling summary

A total of two diamond holes for 679.5 metres have been completed at Forrest and these have confirmed the existence of a northern down-plunge extension to known copper mineralisation.

Hole FPDD001, drilled to 231 metres depth, intersected 5 metres containing 10% malachite and chalcocite mineralisation from 125 metres associated with weathered, foliated ultramafic lithologies.

This hole tested the down plunge extension (120 metre step out) of copper mineralisation intersected in past drilling.

Hole FPDD002 intersected several zones of up to 5% bornite mineralisation associated with quartz carbonate and quartz veining.

Bornite and visible gold mineralisation in quartz-carbonate veins hosted by 
ultramafic rock in FPDD002

The hole has been cased with 50mm PVC so that downhole electromagnetic (EM) surveying can be completed.

Mineralised intersections of drill core are being orientated, geologically logged and sampled. Samples will be submitted for multi-element analysis at ALS laboratory soon.

Next steps

The diamond drilling at Wodger prospect will consist of a 440-metre hole designed to intercept copper mineralisation interpreted 120 metres down plunge.

A diamond tail for about 120 metres is also planned with the aim of intersecting a moving loop EM anomaly.

View full FEL profile View Profile

Fe Limited Timeline

Related Articles

May 21 2019
Big upside in uranium, backed by healthy cash flow from zinc recycling
Quebec and Canadian flags fly at full mast on two flagpoles
Contractors have been drawing up quotes this month, with drilling at the historical mine project set to start later this quarter.
gold key
July 09 2019
Southern Gold and its partner Bluebird Merchant Ventures are looking to develop gold project ventures in South Korea.

© 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