Altona Mining Identifies Three New Copper Systems at Roseby South

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THE DRILL SERGEANT: Altona Mining (ASX: AOH) claimed discovery of three new copper gold systems at the company’s 100 per cent-owned Roseby South project near Mt Isa in Queensland.

Altona Mining completed a reconnaissance Reverse Circulation (RC) drilling program at the Roseby South testing three prospects; Harvest, Reaper and Hobby, defining large copper-in-soil anomalies greater than 1,000ppm (0.1% copper) at each target.

At the Harvest prospect better drill intercepts at a 0.3 per cent copper cut-off grade included:

HA003
34 metres at 0.83 per cent copper, 0.14 grams per tonne gold, including 5m at 1.11 per cent copper and 5m at 1.93 per cent copper, 0.63 g/t gold; and

13m at 0.83 per cent copper, 0.42g/t gold, including 5m at 1.47 per cent copper, 0.92 g/t gold.

HA008
13m at 1.13 per cent copper, 0.13g/t gold, including 5m at 2.18 per cent copper, 0.19 g/t gold; and

HA009
5m at 1.31 per cent copper, 0.28g/t gold.

Drill intercepts from the Reaper prospect, at a 0.3 per cent copper cut-off grade, included:

RE006
20m at 0.48 per cent copper, 0.08g/t gold;

RE002
20m at 0.48 per cent copper, 0.04g/t gold; and

RE001
19m at 0.43 per cent copper, 0.02g/t gold.

At the Hobby prospect drill intercepts at a 0.3 per cent copper cut-off grade, included:

HB001
16m at 0.46 per cent copper, 0.03g/t gold;

HB002
5m at 0.51 per cent copper, 0.04g/t gold; and

HB003
18m at 0.31 per cent copper, 0.03g/t gold.

“Initial drilling is now complete with the wet season imminent and Altona will determine the best strategy for the next stage of exploration,” Altona Mining said in its ASX announcement.

“The company will determine the optimum commercial and technical strategy for testing of these major copper targets over the coming wet season and after the close of the SRIG transaction.”

Altona’s Cloncurry project is the subject of a US$235.5 million proposed Joint Venture with Sichuan Railway Investment Group (SRIG) of China.

Email: altona@altonamining.com

Website: www.altonamining.com