THE DRILL SERGEANT: Alara Resources has received encouraging assay results from a diamond drill program currently underway at the company’s Washihi copper-gold Joint Venture project in Oman (Alara earning 75 per cent).
The company announced results of a hole drilled in the middle of a recently identified magnetic anomaly, which it claims to have confirmed continuous copper mineralisation.
Assay results of the latest drilling showed:
– 112.35 metres at 0.78 per cent copper and 0.11 grams per tonne gold from 112.65 metres, including 67.35 metres at 1.0 per cent copper from 112.65 metres and 12.75 metres at 7.5 grams per tonne silver from 105.25 metres.
Drill hole locations at the Washihi copper-gold project. Source: Company announcement
The results follow three previous holes drilled within the low magnetic anomaly, which returned:
– 72m at 1.3 per cent copper and 0.15g/t gold;
– 18m at 1.4 per cent copper and 0.21g/t gold; and
– 40m at 0.6 per cent copper and 0.21g/t gold.
Alara claims its exploration activities have discovered copper-gold-silver mineralisation at Washihi thickens and extends considerably.
Prior to the commencement of the company’s current drill program, historical exploration had been focused to the south and south-east of current drill holes.
According to Alara its current drilling has indicated sulphide mineralisation to be open to the north-west and south-east.
Future drilling will be focused on expanding current mineralisation.
“We are now beginning to see the fruits of our extensive geophysical work including detailed magnetic susceptibility measurements on drill cores and drilling campaign in Oman where the most recent results have indicated the potential for a major copper-gold discovery,” Alara Resources managing director Shanker Madan said in the company’s announcement to the Australian Securities Exchange.
“These drilling results are very encouraging and provide further visibility around the potential project size and economics of the Washihi project.”
Alara indicated it will shortly be announcing further assay results from the Mullaq prospect, which is situated adjacent to the Washihi prospect, where the company said drilling has confirmed the presence of copper mineralisation.