Mindax encouraged by copper results from Mortlock drilling

THE DRILL SERGEANT: An aircore drilling program completed by Mindax Limited throughout February/March at the company’s Mortlock project in Western Australia has defined two new areas of supergene copper mineralisation.

The drilling was designed as infill around a previous copper and gold anomalism.
 
Mindax completed a total of 58 drillholes for 2,748 metres and has received initial assay results from four-metre composite samples.

The best result intersected:

–    12 metres at 0.65 per cent copper from 32 metres downhole, including 4 metres at 1.01 per cent copper from 32 metres down the hole.

An adjacent drillhole, located 50m along strike to the south, intersected:

–    8m at 0.5 per cent copper from 24m downhole.

Mindax is now awaiting results from selected one-metre samples, which were submitted for assay earlier this month.

 

Geological interpretation showing two supergene anomalous zones. Source: Company announcement

 

Mindax has interpreted the assay results it has received so far to demonstrate two zones of copper enrichment offset approximately 500m by a large fault.

The footprint of these two zones covers approximately 700m by 500m and 600m by 300m respectively, which the company considers could indicate the existence of a larger mineralising system at depth.

Once it has received the outstanding results from the one-metre samples, the company said it anticipates being able to finalise its interpretation of the recent drill program and plan future exploration work programs.

“The initial results from Mortlock are certainly encouraging,” Mindax Limited managing director and chief executive officer Dr Steve Ward said in the company’s announcement to the Australian Securities Exchange.

“We now look forward to completing the interpretation from this year’s drill program and then determining the optimal future work plan.”