Krucible hits visible copper at Tobermorey

THE DRILL SERGEANT: Krucible Metals (ASX: KRB) has announced the most recent drill hole it has completed at Tobermorey (EL28170) intersected two separate zones of visible malachite and chalcopyrite in a quartz vein host.

The tenement is situated just on the Queensland border in the Northern Territory and is located 60 kilometres west of the company’s Toomba EPM on the margins of the Simpson Desert.

 

Location plan showing Krucible tenements. Source: Company announcement

 

Krucible explained this hole was the first it has drilled to target this anomaly adding it finished in mineralisation at 121 metres.

The company’s initial ground reconnaissance located a number of parallel quartz veins and coarse magnetite veins and breccias.

“Further exploration along this trend revealed outcropping quartz breccias with copper mineralisation disseminated in the vein as well as in massive sulphide veins within the quartz including a 200 metre outcrop hosting copper mineralisation to the north.,” Krucible Metals said in its ASX announcement.

Krucible considers Tobermorey to be prospective for copper/gold mineralisation similar to IOCG style deposits such as Tropicana in Western Australia and Olympic Dam in South Australia, which are related to magnetic and or major structural features.

Initial images from processing work conducted by GeoDiscovery from a magnetic survey completed on Tobermorey in July 2014 identified northwest trending structural targets through the Elstone prospect.

Krucible announced in October further 3D modelling would be completed on these features and the data has now been received.

“This imaging and processing analysis highlighted a number of northwest trending magnetic ridges which appear to be associated with surface sampling base metal anomalism carried out by Krucible in July 2013,” the company said.

“A number of these interpreted structural magnetic ridges are shallow at less than 100 metres in the northeast and southeast areas of the survey, and deeper in the central area where they are visible at 150 metres below surface.”

Krucible said it has interpreted the magnetic ridge in the northeast corner to be connected to the Toomba Fault.

The company went on to declare its interpretation of the central zone of magnetic ridges and troughs to possibly be an extension of the Adam Fault to the north.

It also believes another set of magnetic ridges located to the south to be an extension of the Stella/Dukes shear zone in the Toomba EPM15367 to the southeast.

Email: admin@kruciblemetals.com.au

Website: www.kruciblemetals.com.au