Marmota encounters new copper at West Melton
THE DRILL SERGEANT: Marmota Energy (ASX: MEU) has claimed a new South Australian copper discovery after receiving high-grade copper assay results from the first holes drilled on the company’s wholly-owned West Melton copper-gold project on Yorke Peninsula.
Marmota said the program was testing a copper and gold geochemical anomaly it had defined on the project earlier this year.
Assay results have been received from the first four holes of 29 drilled, located in the northern end of a copper and gold in-calcrete geochemical anomaly.
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Table of significant copper assay results from first four drill holes of Phase 1 at West Melton. Source: Company announcement
The company claims the results represent a new copper discovery in what it has named the Champion prospect, a nod to the historic ‘Champion Load’ located at the nearby Areena copper workings on West Melton.
Grades intercepted in hole WMAC003 include:
10 metres at 1.12 per cent copper from 15 metres; and 15m at 1.29 per cent copper from 29m, for a combined score of 29m at 1.05 per cent copper.
Other intercepts of note include:
18m at 0.61 per cent copper in drill hole WMAC004, intercepted from just below the surface.
“These initial results are of similar tenor to high grade intercepts at other prospects on adjoining tenements,” Marmota Energy said in its ASX announcement.
“The discovery of high-grade copper on the West Melton project is considered a new copper discovery in the region with the nearest previous drilling located four kilometres away.”
“The 29 metre copper intersection in WMAC003 is considered to be highly significant being high-grade commencing at a shallow depth including even higher grade subzones with grades reaching 1.69 per cent copper.
“Assay results from WMAC001, 002 and 004 all intercepted significant grades of copper from just below the surface.
“These results are considered to be commensurate with the best intersections of current and past mineral explorers on the broader Yorke Peninsula region.”
Marmota’s exploration efforts at West Melton are ongoing with further assay results expected to be announced when they are received from the laboratory.
The company anticipates the next batch of results will contain assays from drilling that tested the core zone of the highest copper and gold in-calcrete anomalism.
Marmota will use the results from this Phase 1 program to plan a follow up drilling program at the Champion prospect, along with exploration at other copper in-calcrete targets identified on the West Melton tenement.
Email: info@marmotaenergy.com.au
Website: www.marmotaenergy.com.au