Mt Isa Metals receives assay results

THE DRILL SERGEANT: Copper-gold-focused resources company Mt Isa Metals has received assay results from further drilling completed at its Blue Star and Green Zone prospects as well as the Barbara copper‐gold deposit located approximately 45 kilometres east of Mount Isa.

The Blue Star prospect is situated within the Blockade exploration permit, while the Green Zone prospect and Barbara deposit are situated within the Barbara exploration permit.

Both permits comprise the West Leichardt Joint Venture between MET (49%) and Syndicated Metals (51% and manager).

The Blue Star copper‐gold prospect is defined at surface by a zone of shallow historical copper workings that exploited multiple “reef” structures. The prospect has received virtually no modern exploration.

Results received from the Blue Star prospect for an additional six RC drill holes, for a total 612 drilled metres, designed to test the Number 2 Reef and other subsidiary reefs intersected a strongly sulphidic zone on the Number 2 Reef assaying 8 metres at 1.41 per cent copper and 0.11 grams per tonne gold.

Copper mineralisation has now been defined on the Number 2 Reef to a vertical depth of approximately 150 metres. The mineralisation remains open at depth and along strike.

Drilling at Blue Star also intersected minor copper‐gold mineralisation on subsidiary reefs that Mt Isa feels warrant follow‐up. An initial resource estimate is currently in progress for the Number 2 Reef.

Mt Isa discovered the Green Zone prospect during 2009/2010 while undertaking surface mapping, soil and rock chip sampling programs.

Drilling completed over the prospect during 2010 confirmed the presence of potentially mineable widths and grades of copper sulphide mineralisation at shallow depths.

Assay results have now been received for an additional 15 shallow RC drill holes completed over the Green Zone prospect, mainly infill drilling, totalling 880 drilled metres.

This drilling returned generally narrow to moderate width intersections of copper mineralisation with the best interval of 8m at 1.81% copper, from 6m depth.

Mt Isa has also received assay results for an additional four RC drill holes completed on the Barbara copper‐gold deposit.

The drilling was completed within 100m of surface in a previously identified low grade zone between the Barbara North Lode and Barbara South Lode deposits.

Limited intersections of economic interest were recorded in the drilling with a best interval of 5m at 0.63% copper, from 42m.