Brazilian Metals Group drills copper with every hole

THE DRILL SERGEANT: Brazilian Metals Group (ASX: BMG) has intersected copper in all holes during while conducting its maiden drill program at the Laxia prospect.

The Laxia prospect is situated within the company’s Black Pine project in Cyprus.

The company said the recent drilling had expanded its exploration target area to more than 50 kilometres.

BMG said each hole it has drilled at the prospect located has intersected a 20 to 40 metre wide sulphide mineralisation zone.

The company considers the results to have confirmed exposed mineralisation extends to depth and contains copper, gold and cobalt grades.

Drilling results for the first seven holes include:

4.25 metres at 2.53 per cent copper from 30.75 metres;

4.18m at 1.72 per cent copper, 1.18 grams per tonne gold and 0.15 per cent cobalt from 33.1m; and

3.58m at 1.74 per cent copper, 0.28g/t gold and 0.05 per cent cobalt from 112.9m.

Assays are pending for the remaining six holes.

BMG said the drilling had also highlighted the potential of the western portion of the Laxia prospect, indicating the mineralised zone may extend for at least 400 metres to the west.

“The drilling has highlighted the potential of the western Laxia segment to deliver more consistent widths and grades of sulphide mineralisation,” Brazilian Metals Group managing director Bruce McCracken said in the company’s announcement to the Australian Securities Exchange.

“In addition the revised exploration model indicates over 50 kilometres of highly prospective ground within the Black Pine Project area.

“The completed drilling has greatly improved our technical understanding of the system and our chances of identifying additional mineralised zones with the potential to deliver an economic resource base.”

Exploration continues at the Black Pine project and has commenced at the company’s other prospects targeting large-scale volcanic-hosted massive sulphide copper and gold deposits.