Fox hunts down further copper at Ayshia

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THE DRILL SERGEANT: Diamond drilling being carried out by Fox Resources at the company’s Ayshia copper-zinc project in the West Pilbara, Western Australia has intersected encouraging intersections of copper mineralisation.

The company has completed five diamond drill holes for a total of 1610.8 metres, which were designed to further test both the down-plunge extent and also the strike length of a mineralised shoot at Ayshia.

 

Ayshia Long-Section. Source: Company announcement

 

Results from two of the holes include the following.

Hole 12AYDD108:

–    35.7 metres at 1.66 per cent copper, 0.76 per cent zinc, 4.19 grams per tonne silver and 0.12 grams per tonne gold from 206.5 metres down hole.

This intersection included:

–    5.7m at 2.37 per cent copper, 0.87 per cent zinc, 5.47g/t silver and 0.27 g/t gold from 210m down hole; and

–    19.7m at 2.16 per cent copper, 0.14 per cent zinc, 5.73g/t silver and 0.11g/t gold from 222.5m down hole.

Hole 12AYDD109 returned intersections of:

–    17m at 2.86 per cent copper, 0.36 per cent zinc, 8.06g/t silver and 0.17g/t gold from 243m down hole.

This intersection included:

–    9.27m at 4.01 per cent copper, 0.52 per cent zinc, 11.35g/t silver and 0.19g/t gold from 243.63m down hole; and

–    1.25m at 7.31 per cent copper, 0.50 per cent zinc, 19.81g/t silver and 0.21g/t gold from 256.35m down hole.

“This exploration program clearly demonstrates the potential of Ayshia, which is in close proximity to the Radio Hill and Sholl projects,” Fox Resources chief executive officer Laurie Chew said in the company’s announcement to the Australian Securities Exchange.

Fox said the two two intersections outlined above, which are situated to the north-east of the previously defined mineralisation, suggest the mineralisation is open and continues to the north-east.

The company will carry out down-hole electromagnetic surveys to test the extents of this mineralisation, prior to further drill testing.

Gyroscopic surveys will be completed within all drill holes completed when this program is conducted.

Fox Resources will continue to evaluate the Ayshia project once the DHEM has been completed, with a view to extending the known extents of the deposit.

The company said its focus will be maintained on delineating targets along strike, and down-plunge, based on the typical volcanogenic massive-sulphide (VMS) model where multiple deposits often cluster within camps.