Metallum achieves best ever copper result at El Roble

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THE DRILL SERGEANT: Metallum (ASX: MNE) has completed follow-up sampling at the San Sebastian exploration tunnel, part of the company’s El Roble copper project in Chile.

Metallum claims the recent work has returned high-grade copper and gold results including:

0.55 metres at 35 per cent copper and 4.29 grams per tonne gold;

0.5m at 18.55 per cent copper and 1.17g/t gold;

0.6m at 12.85 per cent copper and 2.81g/t gold;

1.5m at 9.15 per cent copper and 1.15g/t gold.

The company indicated the San Sebastian mineralised lens has now been defined over 30m strike length, averaging 1.6m width at 5.94 per cent copper and 2.10g/t Au.

Metallum has mapped more than 60 kilometres of mineralised veins at the the El Roble copper project and has begun work installing an exploration tunnel along the length of the San Sebastian vein with the latest assays having defined high-grade copper and gold mineralisation over more than 30m.

 

Map of the north east sector of the El Roble project showing the
location of the San Sebastian mine with in a strike continuous
mineralised corridor where Metallum has mapped more than 60km of
prospective veins. Source: Company announcement

 

To date, Metallum has installed approximately 35m of tunnel along the vein on the 1040 Level and delineated a 30m long high-grade copper and gold zone.

Metallum managing director Zeff Reeves said in the company’s announcement to the Australian Securities Exchange.

“These results demonstrate the very high-grade nature of mineralisation at San Sebastian,”

“We have just obtained the highest ever copper result from any work we have done at El Roble, which is 35 per cent copper over 0.55 metres width.

“In addition, the vein contains good gold results, averaging more than two grams per tonne gold, with the highest grade reported to date of 16.15 grams per tonnes.

“We’ve applied for a mining licence and this lens of mineralisation will provide a good zone to commence vertical mining up to the 1090 Level, approximately 40 metres above the tunnel we’re installing, once we receive the permit.”

Website: www.metallum.com.au