MacPhersons intersects Nimbus Lens 5 14m below surface

/in /by

THE DRILL SERGEANT: Having already extended Lens Nos. 1, 2, 3, and 4, at its 100 per cent-owned Nimbus silver-zinc-gold project, MacPhersons Resources (ASX:MRP) has now announced further successful drilling results.

The latest drilling results received by the company have shown both silver oxide and silver sulphide mineralisation continues between the Nimbus Discovery and East Pits.

Near Surface Lens 5 has been identified within the Optimised Pit Shell, with:

–    19 metres at 93 grams per tonne silver from 14m depth, including 10.0 metres at 151 grams per tonne silver from 15 metres.

MacPhersons said the New Lens 5 is only 14m below surface and represents a new source of oxide mill feed.

The company also confirmed a super high-grade intersection through re-assay in Lens 3 with averaged results:

–    28m at 896g/t silver from 200m depth, including 17m at 1427g/t silver, plus 26.3 per cent zinc, plus 4.7 per cent lead from 205m, which also included 11m at 1666g/t silver with highest 1m at 2550g/t silver.

The company said the intersection of 28m at 896g/t silver (25,088 gram-metres silver) is the first super high-grade intersection it has encountered outside of Lens No. 1 and shows that Lens No.3 has significant upside to further high grade lens extensions.

 

Recent drillholes showing the extensions to Massive Sulphide Lens
Nos. 2, 3, and 4 (Scale Grid is 100m squares). Source: Company
announcement

 

MacPhersons considers the re-assay results demonstrate the uniformity of the silver grade distribution and the new super high grade silver-zinc mineralisation in a second lens supports modelling that multiple lens targets exist at Nimbus.

This is first lens of this intensity of metal grade distribution, since the Discovery Lens No.1 was identified in 1990’s.

“The new Lens 5 mineralisation has been identified in the first drilling to the east of the East Pit and is entirely within the cutback proposed in the new optimised pit cutback,” MacPhersons Resources managing director Morrie Goodz said iin the company’s announcement to the Australian Securities Exchange.

“The combination of the new high grade extension to Lens No. 3 with the identification of Lens No. 5 is continuing to support the model of a single merged super pit.”