THE DRILL SERGEANT: Recent drilling carried out by Breakaway Resources has highlighted a potential new parallel zone of copper-gold mineralisation.
The new find is located approximately 100 metres west of the main mineralised zone at the company’s Sandy Creek copper-gold prospect, located 70 kilometres south-east of Cloncurry in North Queensland.
Sandy Creek Long Section showing position of DHTEM anomaly. Source: Company announcement
The company also conducted down-hole geophysics, which it said has also identified a new conductor extending down-plunge from existing high-grade drill intercepts within the main zone of mineralisation.
The copper-gold results returned 100m west of the existing mineralisation include:
– 14.38 metres at 0.72 per cent copper, 0.37 grams per tonne gold from 65 metres, including 3.53 m at 1.64 per cent copper, 0.21 grams per tonne gold.
Breakaway considers the results to potentially represent a new parallel mineralised zone, which remains open in all directions.
“It is encouraging to see evidence for a new parallel zone of copper-gold mineralisation at Sandy Creek,” Breakaway Resources managing director David Hutton said in the company’s announcement to the Australian Securities Exchange.
“When considered in conjunction with the DHTEM anomaly, and the broad spacing of existing drilling, the results continue to reinforce the significant size potential of the prospect.
“Sandy Creek continues to grow and, as a result, we are yet to find the limits to the copper-gold mineralisation.
“We are currently determining the next steps to better establish the prospect’s true size.
“This may include further drilling of the DHTEM anomaly and the new western zone, as well as further geophysical surveying throughout the prospect area.”