Exco receives positive drilling results from Kangaroo Rat

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THE DRILL SERGEANT: Exco Resources has received results of recently completed infill diamond and extensional Reverse Circulation (RC) drilling programs at the company’s wholly-owned Kangaroo Rat deposit, located within the Elder Creek project area.

Exco said it believes high-grade ore from the Kangaroo Rat deposit may be economically extracted by conventional open pit mining techniques and transported to nearby processing facilities for toll treatment or a mine gate sale arrangement.

Highlights from the infill diamond drilling include:

–    15.9 metres at 2.45 per cent copper and 1.98 grams per tonne gold from 68.1 metres;

–    12.7m at 3.47 per cent copper and 1.82g/t gold from 37.3m;

–    19m at 2.09 per cent copper and 0.74g/t gold from 29m; and

–    13m at 1.20 per cent copper and 0.49g/t gold from 39m.

Exco commenced the 10 hole infill diamond drilling program in April, which was aimed at increasing the drilling density and the company’s confidence of potentially open pittable portions of the Kangaroo Rat deposit.

 

Kangaroo Rat drilling location plan. Source: Company announcement

 

Assay results and bulk densities collected from drill core will be incorporated into an updated resource estimate.

In addition to the infill diamond holes, Exco has completed a total of 13 RC holes aimed at identifying resource extensions at Kangaroo Rat.

Results from this drilling included:

–    3m at 2.48 per cent copper and 2.34g/t gold from 65m;

–    6m at 0.73 per cent copper and 0.16g/t gold from 11m;

–    12m at 0.69 per cent copper and 0.17g/t gold from 66m;

–    18m at 0.50 per cent copper and 0.06g/t gold from 18m; and

–    18m at 0.53 per cent copper and 0.20g/t gold from 48m, including 6m at 1.13 per cent copper and 0.17g/t gold from 48m.

“Broad intervals of anomalism were intersected in a number of the holes with the deposit remaining open to the west as well as at depth,” Exco Resources said in its ASX announcement.

“The copper-gold mineralisation has been intersected to a maximum depth of 110 metres (historical RC hole W31: 12m at 2.03 per cent copper and 1.37g/t gold).”

Exco is currently planning a round of follow up drilling targeting high-grade depth and potential strike extensions.