MacPhersons encounters new extensions at Nimbus

THE DRILL SERGEANT: MacPhersons Resources (ASX: MRP) has completed a program of diamond drilling at the company’s 100 per cent-owned Nimbus-Boorara silver-gold-zinc project located east of Kalgoorlie.

According to the company the drilling encountered a number of intersections of silver-zinc rich massive and stringer sulphide, and vein zones.

The Nimbus diamond drilling program was conducted as part of a Bankable Feasibility Study, which is scheduled to be completed mid-2014.

MacPhersons highlighted one hole NBDH034, which it said had intersected at least six zones demonstrating silver-zinc sulphide mineralisation.

 

Deep down plunge intersections of silver-zinc and copper-zinc
sulphide zones intersected between 350m and 850m downhole (HQ core) of
NBDH010 are up to 600m down-plunge of any previous drilling. Source:
Company announcement

 

The company has received preliminary silver assay results on two of these zones and, which it claims has confirmed three new silver lens extensions adjacent to the East Pit cutback.

Just under half of these intervals are still undergoing whole core metallurgical testwork prior to assaying.

Assays received so far include:

NBDH034
18.75 metres at 122 grams per tonne silver from 133.85 metres, including 4 metres at 354g/t silver from 136 metres, and 4.2 metres at 169g/t silver from 147.5 metres; and

2.75m at 137g/t silver from 226.5m, including 1m at 337g/t silver from 227m;

“NBDH034 has intersected several silver-zinc mineralisation extensions which confirms the system remains open at depth and along strike,” MacPhersons Resources managing director Morrie Goodz said in the company’s announcement to the Australian Securities Exchange.

“Preliminary assay results have been received on three of these lenses and have confirmed a new lens and two lens extensions within the current mine model, only 12 metres beneath the East Pit cutback providing further opportunities for near term production once the pit is completed.”

“Assays on the balance of drill hole NBDH034 and final hole NBDH035 will be pending over the next four to six weeks.”

MacPhersons said the upper zone of the above intersections represents two silver lenses (at 136mand 147.5m), of which at least one represents a new lens and one may be a strike extension of previously identified lens AG342.

Depending on how the results from the met samples fall, the company considers this interval may be mined at its full 18.75m width.

This new lens is only 12m below the East Pit cutback and has been interpreted by the company to represent a new underground stoping opportunity once the open pit mining has been completed.

All three lenses (at 136m, 147.5m, and 226.5m) represent new extensions within the current Nimbus mine design and therefore will require only minor development to access and develop.

Email: info@mrpresources.com.au

Website: www.mrpresources.com.au