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Fe Limited gets drill spinning at Hillside to follow-up high-grade copper samples

Published: 13:47 04 Nov 2019 AEDT

Snapshot

Drilling will test potential supergene and hypogene mineralisation above and below the water table along the majority of the gossan line.

Fe Limited - Fe Limited to get drill spinning today at Hillside to follow-up high-grade copper samples

Fe Limited (ASX:FEL) has hit the ground running at the highly prospective Hillside earn-in project in WA’s Pilbara region with drilling to start today to follow-up an 18.8% copper result from sampling of the outcropping gossan.

The drill program targeting depth extensions of the gossanous mineralisation is expected to continue for an anticipated period of two to three weeks.

Approvals received

An access road has been completed while the company has also received the required Plan of Work (POW) and heritage clearance.

With a drill rig mobilised to the site and a field camp established, the drilling is set to begin today.

Drilling is planned to test potential supergene and hypogene mineralisation above and below the water table along the majority of the gossan line.

A small number of holes will also test outcropping gold mineralised quartz veins identified through prospecting activity.

FEL’s chairman Tony Sage described the copper results returned from outcrop sampling of Hillside Gossan over a 14-kilometre strike as being “very exciting”.

Gold, silver, zinc and cobalt also returned

These results of up to 18.8% copper also included high-grade gold, silver and zinc values along with some cobalt.

There were 36 samples collected during a reconnaissance field trip in early September concentrating on the Hillside project area.

Fifteen of the samples gathered were from outcropping gossan both with and without visible copper minerals with eight returning copper values over 1%.

The 18.8% copper sample also returned 1.2ppm gold, 77ppm silver, 0.17% zinc and 0.057% cobalt.

59.4% manganese oxide result

Sampling from a new sub-parallel outcrop to the gossan line returned a surprising 59.4% manganese oxide result, which is equivalent to greater than 46% manganese.

This result is in excess of the 31.4% grade of Consolidated Minerals’ nearby Woodie Woodie mine.

While carrying out drilling of the Hillside Gossan, FEL will also undertake follow-up exploration in the vicinity of the high-grade manganese outcrop.

Fe Limited has entered into an earn-in agreement with Macarthur Minerals Limited (CVE:MMS) in respect of 18 tenements in the Pilbara ranging from south of Nullagine to north of Pilgangoora and including Hillside.

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