Lincoln Minerals Re-assaying Historic Drill Core to Unlock Copper-Lead-Zinc Potential
THE DRILL SERGEANT: Lincoln Minerals (ASX: LML) is conducting a detailed assay program targeting base metal intervals in previously unassayed drill core at the company’s Minbrie copper and base metals project near Cowell, South Australia.
Lincoln Minerals took the initiative to re-assay drill core from an historic Centrex exploration program following recent discoveries of multiple sulphide-rich zones it considers to have enhanced the project’s scale potential.
Centrex’s 2011 exploration focused solely on magnetite, leaving base metal potential largely untested.
Lincoln is targeting untested base metal mineralisation from selection of historic drill core previously unassayed for copper, lead, zinc, silver and other payable metals at Minbrie.
By leveraging existing drill core, Lincoln is implementing a rapid, cost-effective exploration program.
“We have commenced assaying historic core samples from Minbrie for copper, lead, zinc, and silver,” Lincoln Minerals CEO Jonathon Trewartha said in the company’s ASX announcement.
“Over the coming months, I feel this site represents the most exciting exploration opportunity in South Australia.
“Our goal is not only to provide evidence of a major base metal discovery but also allow Lincoln to develop and undertake an exploration program.
“Success here will demonstrate that the southern Gawler Craton is a highly desirable address, complementing the northern portion, which hosts Olympic Dam, Prominent Hill and Carrapateena.
“Our initial discovery at Minbrie, highlighted by copper, lead, zinc and silver intercepted in discovery hole BUDD192, underscored the untapped potential of this project.
“With an extensive archive of historic drill core, we can systematically assess Minbrie’s base metals prospectivity without the need for immediate redrilling.
“Centrex’s past focus on magnetite exploration meant base metals were overlooked.
“We anticipate completing the assaying process within the next 8 to 10 weeks and will provide updates as results emerge.”
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