Phoenix hits copper sulphides at Burra North

THE DRILL SERGEANT: Phoenix Copper has received results from a recently-drilled diamond drill hole at Burra North, situated within the company’s Burra Tenement that it claims confirm earlier reports of visual identification of disseminated copper sulphides.

Phoenix’s maiden drill program at Burra North contained five diamond holes for a total of 694.6 metres, 800m to the north-west of the historic Monster Mine on the outskirts of Burra.

 

Drill hole schematic Burra North. Source: Company announcement

 

The company’s focus for the exploration program was to identify repetitions of the Monster Mine copper lode beyond the Reserve where mining is currently prohibited.

“Despite mining operations spanning approximately 150 years, the Burra North area remains a largely unexplored copper field that, until recent work by Phoenix Copper, had not been subjected to regional scale exploration utilising modern technology and techniques and had remained undrilled,” Phoenix Copper said in its ASX announcement.

“The excellent assay results from (drllhole) PCD0038 highlight the prospectivity for copper deposits in and around the Burra region, and provide a focal point for further exploration throughout the Adelaide Geosyncline.”

Results from drillhole PCD0038 include:

–    22.5 metres at 1.17 per cent copper from 94.9 metres including;

–    4.6m at 3.39 per cent copper from 102.6m including;

–    0.6m at 7.92 per cent copper from 102.6m.

Phoenix Copper believes the intersection of copper mineralisation in drillhole PCD0038 indicates the mineralising system responsible for the ore deposition in the Monster Mine extends from the pit edge for at least 900m to the northwest.

“This shallow, (vertical depth to the start of mineralisation is approximately 80m), sulphide rich Burra North intersection is close to known mineralisation in the Monster Mine and within the Kingston and Tinline faults, indicating continuity with the Monster Mine sequence,” the company said.

“If an economic discovery were to follow in this area, it would be in close proximity to infrastructure at Burra.”

Phoenix intends to commence a follow up program of eight reverse circulation (RC) holes in the area immediately surrounding PCD0038 subject to the required approvals and notifications being in place.

The drilling will test the potential extension of these significant intercepts to the North and South as well as at depth and is anticipated to commence prior to the end of this quarter.