Alara confirms thick copper gold mineralisation

THE DRILL SERGEANT: Alara Resources has received results it claims to have confirmed potential for thick mineralisation at high grade from an ongoing drilling program at the company’s Washihi copper-gold joint venture project in Oman.

The company has completed nine diamond core holes of its Phase 1 of resource definition drilling have to date.

Highlights of the program so far include:

–    72 metres at 1.3 per cent copper, 0.15 grams per tonne gold; and

–    18m at 1.4 per cent copper, 0.21g/t gold.

The ongoing drilling program is targeting an extension of the mineralisation to the northwest and south east of the Washihi prospect.

 

Drill-hole Locations at the Washihi copper-gold project. Source: Company announcement

 

“These drilling results are very encouraging and provide further visibility around the potential project size and economics of the Washihi project,” Alara Resources managing director Shanker Madan said in the company’s announcement to the Australian Securities Exchange.

“We look forward to delivering a JORC compliant estimate for both the Washihi and Daris East prospects by the end of September as well as the commencement next month of Hydrogeological and Environmental Studies.”

As part of Alara’s broader strategic objectives in Oman, the company has recently initiated a Scoping Study for an integrated mining and processing facility, which will include Washihi combined with its Daris and Mullaq prospects.