Syndicated Metals hits high-grade copper at Barbara satellites

THE DRILL SERGEANT: Syndicated Metals (ASX: SMD) has intersected high-grade copper mineralisation during its maiden regional Reverse Circulation (RC) exploration drilling program at the company’s Barbara copper-gold Joint Venture project in northern Queensland.

The company has been drilling to target potential new zones of mineralisation at a group of satellite exploration prospects located south-west of the Barbara deposit.

 

Long Section showing recent RC drilling results. Source: Company announcement

 

Syndicated has asserted this drilling has been successful in confirming the presence of high-grade copper mineralisation down-plunge of historical workings and surface mineralisation at the Lillymay and Mt Olive prospects.

Best results included:

Lillymay:

3 metres at 7.41 per cent copper from 106 metres; and

5m at 2.16 per cent copper from 99m.

Mt Olive:

2m at 3.02 per cent copper from 38m;

2m at 2.52 per cent copper from 82m; and

2m at 1.70 per cent copper from 49m.

“These results, particularly the high-grade hits at Lillymay and Mt Olive, clearly show the significant untapped exploration potential within the broader Barbara area and the opportunity to establish additional zones of high-grade mineralisation which could complement the known resources and deliver future high-grade feed to the main operation,” Syndicated Metals managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

The company explained the intersections are relatively narrow, however it considers they confirm the depth continuity of the high-grade mineralisation extracted historically from surface workings.

Syndicated claimed the results support the interpretation of vein and shear zone hosted sheets of steeply plunging high-grade copper mineralisation and confirm the Barbara deposit to be an obvious follow-up exploration target.

“The objective of the maiden satellite prospect drilling program was to assess the depth potential below old workings in areas where the initial exploration encouragement was generated by successful soil geochemistry programs completed last year,” Munckton said.

“These results have provided certainty that the copper-rich veins and shear zones sampled at surface do persist to significant depths.

“We are very encouraged by these results, especially given the presence of strong EM conductors located close to the high-grade intersections.

“These EM plates provide an immediate target for follow-up drilling which could help us to vector into the most conductive and potentially highest grade areas of the mineralisation.

“We look forward to this next phase of work, which will commence shortly with the drill rig currently being mobilised back to Lillymay.”

Email: info@syndicatedmetals.com.au

Website: www.syndicatedmetals.com.au