Discovery Metals intersects 54m of copper in Botswana

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THE DRILL SERGEANT: Discovery Metals (ASX: DML) has reported assay results from 15 diamond drill holes at the Zeta NE deposit, located within the company’s 100 per cent-owned prospecting licences in the Kalahari Copperbelt in north-west Botswana.

Discovery said the In-fill drilling at Zeta NE has intersected copper-silver mineralisation thicker than what it expected.

Diamond drill hole results include:

–    54.6 metres at 1.4 per cent copper and 10 grams per tonne silver, including 18.7 metres at 2 per cent copper and 13 grams per tonne silver;

–    26m at 1.7 per cent copper and 22g/t silver;

–    13.5m at 1.7 per cent copper and 48g/t silver;

–    12m at 1.9 per cent copper and 44g/t silver;

–    6m at 3.3 per cent copper and 38g/t silver; and

–    17.7m at 1.1 per cent copper and 112g/t silver.

“These are outstanding results that demonstrate significant upside on the current Mineral Resources at Zeta NE,” Discovery Metals managing director Brad Sampson said in the company’s announcement to the Australian Securities Exchange.

“Furthermore, they support one of the major value propositions contained in our recently released Target’s Statement, namely that the Mineral Resources at Boseto are expected to continue to grow over time and support mining activities well beyond those defined in our current mine plans.”

The 15 diamond drill holes were drilled on five sections 100m apart, over a strike length of approximately 400m.

Discovery said the drill hole logs indicate the top of the sulphide zone to be at about 40m vertical depth with the depth of Kalahari sands covering the mineralisation approximately five metres in this area.

 

Zeta NE drillhole cross section. Source: Company announcement

 

Discovery Metals is continuing to progress with studies into expanding capacity and extending the mine life of the Boseto operations and it indicated it anticipates these latest results from Zeta NE to add to the attractiveness of incorporating Zeta NE into those longer term plans.

Additional drilling is currently underway at Zeta NE with the objective of intersecting copper-silver mineralisation at depths between 500m and 600m below surface within the dip projection of a high-grade zone, which the company believes to have potential for underground mining.

These drill holes are planned as the first step towards defining underground Mineral Resources at Zeta NE and first assay results are anticipated in December 2012.