Laconia Resources expands Peru copper system

THE DRILL SERGEANT: Laconia Resources (ASX: LCR) has identified additional high-grade copper-gold-silver results at the Rosita prospect, located 150 metres north of the Fortuna prospect within the company’s Huaco Cucho project, adjacent to its main Rasuhuilca project in Peru.

The data has been gleaned during an ongoing review Laconia is carrying out of historic exploration at the Rasuhuilca and Huaco
Cucho projects.

Two diamond drill holes were completed by the project’s previous owners Buenaventura Ingenieros SA during 2002.

The first hole (SDB 04 2002) was drilled to test mineralisation of the Huaco Fault, returning three small anomalous intersections, and a large zone of fracturing was also logged.

Although no intersection returned enough to identify a large zone of high-grade mineralisation in the Huaco Fault, there were low-grade results returned.

Because of this sampling conducted was not continuous down the entire hole, despite logging identifying disseminated pyrite throughout the hole.

Drill hole SDB 06 2002 was drilled to test the east-west trending veins at Rosita prospect, and was oriented from the north towards the south.
The hole intersected four zones of silicified and brecciated veining, which Laconia explained is a cross-section of the Rosita prospect.
Surface sample results from Rosita include:

0.3 metres at 5.63 per cent copper, 2.36 grams per tonne gold, 132 grams per tonne silver and 421 grams per tonne tellurium; and

0.5m at 1.62 per cent copper, 16g/t gold, 220g/t silver and 394g/t tellurium.
 
Underground adit channel sample results returned from the Rosita 4730
Level include:

0.3m at 4.5 per cent copper, 1.11g/t gold, 288g/t silver, 0.11 per cent zinc and 92g/t tellurium;

1m at 2.9 per cent copper, 4.58g/t gold, 46.6g/t silver and 96g/t tellurium; and

1.5m at 1.3 per cent copper, 1.43g/t gold, and 49.6g/t silver.

Diamond drill hole results from hole SDB 06 2002 at the Rosita prospect include:

7.7m at 0.44 per cent copper, 0.11g/t gold and 5.99g/t silver g from 20.3m, including 1.7m at 1.06 per cent copper, 0.14g/t gold and 7.18g/t silver from 24.7m; and

8m at 1.12 per cent copper, 0.26g/t gold and 12.76g/t silver from 73m, including 0.75m at 8.9 per cent copper, 1.57g/t gold and 104.15g/t silver from 80.25m.

 

Plan View of the Rosita Prospect with the 4730 adit, showing
surface and adit sample locations (coloured by copper content) and the
drill hole locations. Source: Company announcement

 

“The company is extremely encouraged by the identification of further strong copper-gold-silver grades from our flagship Peruvian project,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“The Ccarhuaraso Volcanic system that is within the Rasuhuilca and Huaco Cucho projects is clearly a large, highly mineralised system and our knowledge of the wider system continues to grow through the systematic processing and follow up of the excellent historical data.

“The presence of significant high-grade copper, in conjunction with the gold and silver epithermal veins already identified, adds significantly to the potential of Laconia’s project interests.”

Email: info@laconia.com.au

Website: www.laconia.com.au