Equus Mining confirms copper mineralisation at Yerba

THE DRILL SERGEANT: Equus Mining (ASX: EQE) has received assay results it claims have confirmed the east-dip of copper mineralisation that was intersected in the first three drill holes completed at the company’s Yerba project in Chile, South America.

In its announcement to the ASX, Equus explained the holes are part of an initial 5,000m diamond drilling program at Yerba, which the company commenced in April to target the northern end of the 1,200 metre-long Yerba Trend.

 

Yerba project drill section. Source: Company announcement

 

The latest hole to be completed (Hole 2) intersected 17m (true width) at 0.68 per cent copper from 23m down-hole, including 6m at 1.21per cent copper from 34m.

“The copper mineralisation is contained within a stratabound sheet comprising a mixture of both hydrothermally brecciated and massive vesicular andesite,” Equus said.

The company is in the process of drilling Hole 4 (currently at 115m), which is being drilled as the first direct test of an IP chargeability anomaly that lies to the east and down-dip of the outcropping copper mineralisation.

The target zone is interpreted to be intersected at approximately 150m down-hole.

Equus outlined its upcoming work program at Yerba will:

Complete drilling Hole 4 on the current section (6260775N) and test the down-dip extensions of the copper mineralisation; and

Commence drilling on the next drill section located approximately 70m north of 6260775N where the company has identified further outcropping copper mineralisation.