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Gindalbie Metals' drilling results confirm prospectivity at Emmie Bluff within Mt Gunson Copper-Cobalt Project

Mt Gunson is being farmed-in with Torrens Mining Limited's wholly-owned subsidiary Terrace Mining.
Gindalbie Metals' drilling results confirm prospectivity at Emmie Bluff within Mt Gunson Copper-Cobalt Project
The Mt Gunson Copper-Cobalt Project is about 30 kilometres east-southeast of Woomera in South Australia

Gindalbie Metals Ltd (ASX:GBG) has confirmed the prospectivity of the Emmie Bluff prospect in recent diamond drilling at its Mt Gunson Copper-Cobalt Project in South Australia, strengthening the case for further drilling. 

Drilling at Emmie Bluff, part of an ongoing scoping study, tested for continuity of mineralised dolomitic shales and arenites within the Tapley Hill formation and provided core for geotechnical testing and fresh mineralised material for metallurgical analysis.

READ: Gindalbie Metals proposes demerger and sale transaction to focus on SA copper-cobalt project

Gindalbie chief executive officer Chris Stevens said: “These drilling results support the company’s assessment that Emmie Bluff represents a geologically comparable deposit to our flagship MG 14 and Windabout resources as well as our ongoing confidence in the potential of the Mt Gunson Copper-Cobalt Project more broadly.

“Given the substantial number of mineralised historical drill holes in the area and this recent drilling, Emmie Bluff represents an attractive opportunity as the company seeks to expand its resource base which would potentially result in a significant increase to the scale of the Mt Gunson Project.

“The ongoing Emmie Bluff scoping study will assist the board’s decision on a substantial drilling program at Emmie Bluff.”

All holes that reached the target depth successfully intersected mineralisation such as the following:

  • 2.05 metres at 1.51 copper and 0.07% cobalt from 399.2 metres;

  • 3.12 metres at 1.14% copper and 0.08% from 393.66 metres; and

  • 1.7 metres at 1.28% copper and 0.05% cobalt from 443.3 metres.

The project hosts two existing JORC 2012 compliant indicated mineral resources:

  • MG14: 1.83 million tonnes at 1.24% copper, 334 ppm cobalt and 14 g/t silver; and

  • Windabout: 17.67 million tonnes at 0.77% copper, 492 ppm cobalt and 8 g/t silver.

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Newswire
June 12 2013

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