THE DRILL SERGEANT: Montezuma Mining Company has received early assay from a recently completed RC drilling program carried out at the company’s 100 per cent-owned Butcherbird copper project located approximately 120 kilometres south of Newman in Western Australia.
The company has received assay results for the first two holes from the drilling.
Source: Company release
One of these holes intersected 47 metres of continuous copper mineralisation from 113 metres averaging 1.81 per cent copper and 214 parts per million cobalt.
The company said the mineralisation remains open, ending in 3.15 per cent copper at a depth of 160 metres.
A higher grade interval of 6m at 6.08 per cent copper and 631ppm cobalt occurs at the top of the zone.
“Assays are pending for the final 14 metres of this hole and for the remaining 17 holes,” the company said in its announcement to the ASX.
“The drilling intersections are considered to be close to true thickness based on previous drilling and the dips estimated from the IP data.”
The company said mineralisation is open along strike and at depth within a striking corridor greater than six kilometres.
Previous drilling carried out by Montezuma 130m west along this shear zone confirmed the presence of copper sulphide mineralisation with results including:
– 18 metres at 0.63 per cent copper and 859ppm cobalt from 154 metres and 10 metres at 0.82 per cent copper and 581ppm cobalt from 180m, including 3 metres at 1.94 per cent copper and 0.12 per cent cobalt.