Chrysalis Resources confirms copper in Zambia

THE DRILL SEREGEANT: Chrysalis Resources (ASX: CYS) has received results from four diamond drill holes recently completed at the Wangolo prospect, which is part of the company’s Shikila copper project, in Zambia.

The company has received results for four of the eight diamond drilling holes it has completed to date.

Results include:

–    59 metres at 0.62 per cent copper, including 3 metres of 1.21 per cent copper, 3 metres of 1.10 per cent copper and 3 metres of 0.92 per cent copper;

–     39m at 0.62 per cent copper and 3m at 0.93 per cent copper; and

–    2m at 1.52 per cent copper and 11m at 0.71 per cent copper.

 

Drillhole locations and copper intersections for the RC and diamond
drilling at The Wangolo prospect. Source: Company announcement

 

According to Chrysalis the drilling has confirmed the presence of a copper mineralised system at the Wangolo prospect close to surface extending approximately 900m along strike and over 350m down dip.

The mineralisation remains open along strike and down dip and has demonstrated to appear in two styles:

–    A 3-metre-thick contact zone at the contact with the overlying schist; and

–    A plus-50-metre-thick mineralised unit in the host stratum.

Chrysalis has also completed 11 reverse circulation holes, which along with the 4 diamond hole results were used to define the approximately 900 metres of strike length mineralisation.

The company anticipates the results from the remaining four diamond holes will be available by the end of March and will be used to develop a resource model.