Clancy hits further gold-copper-sliver at Meritilga

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THE DRILL SERGEANT: Clancy Exploration has received results for the final seven holes of a recent reverse circulation (RC) drilling campaign conducted on the company’s 100 per cent-owned Condobolin project in central New South Wales.

The drilling was carried out at the Meritilga prospect, where the company said broad gold, copper and silver zone surrounding the high-grade shoot has been intersected along strike to the south-west and north-east, also containing lead and zinc.

 

Plan view of RC drill program over the Condobolin mineral field. Source: Company announcement

Highlights of the campaign include:

–    7 metres at 0.3 grams per tonne gold, 0.3 per cent copper, 0.2 per cent lead, 6.88 grams per tonne silver from 59 metres, including 3 metres at 0.27 grams per tonne gold, 0.1 per cent copper, 0.3 per cent lead, 0.26 per cent zinc, 11 grams per tonne silver;

–    5m at 0.33g/t gold, 4.1g/t silver from 87m;

–    6m at 0.17g/t gold, 0.22 per cent zinc, 0.12 per cent lead, 3.6g/t silver from 104m;

–    4m at 0.38g/t gold, 4.6g/t silver, 0.23 per cent zinc from 80m; and

–    5m at 0.2g/t gold, 0.18 per cent zinc from 70m.

Clancy said the mineralised strike length of the Meritilga Fault Zone has now been extended to 600m.

The company said the new assay results have confirmed the potential of the Condobolin project to deliver multiple lodes within a complex and widespread system.

“What is clear is that we have really just scratched the surface at Meritilga which is emerging as a zoned polymetallic deposit, with the addition of lead and zinc at depth and along strike to the south-west, to the broad halo of gold-silver and copper which surrounds the high-grade shoot,” Clancy Exploration managing director Gordon Barnes said in the company’s announcement to the Australian Securities Exchange.

“When we model the assay results, we can see that there is more than one parallel structure within the Meritilga Fault Zone, which doubles its currently defined width.

“There is considerable potential for further structures within the broad Meritilga anomaly, and we are targeting a further drilling program.

“Meritilga is the first prospect within the Condobolin Mineral Field where we have confirmed gold, silver, copper, lead and zinc in the one occurrence.

“Furthermore, this occurrence is the most extensive to date, with virtually no historic mining.”