Austral Resources Reports New Drilling Results from Lady Colleen

THE DRILL SERGEANT: Austral Resources (ASX: AR1) reported new assay results from a reverse circulation (RC) drilling program currently underway at the company’s Lady Annie copper project at Mt Isa, Queensland.

Austral Resources has been drilling the Lady Colleen copper prospect within the Mt Kelly deposit at Lady Annie that has produced assay results of:

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18 metres at 4.21 per cent copper (from 160m downhole), including 5m at 7.1 per cent copper (from 164m downhole);

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8m at 3.05 per cent copper (from 139m downhole); and

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4m at 3.16 per cent copper (from 107m downhole) and 6m at 1.75 per cent copper (from 120m downhole).

Austral said the results received to date had confirmed the continuity and extent of the high-grade core at Lady Colleen that remains open along strike in both directions.

As the Lady Colleen drilling program continues, further assay results are expected over the coming weeks.

“These drill results combined with known high-grade mineralisation only 100 metres from the surface augurs well for the development of the resource,” Austral Resources CEO Dan Jauncey said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.australres.com