Monto releases first Confederation drilling results

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Monto Minerals has released the first batch of results it has received from a program of reverse circulation (RC) drilling conducted at the Confederation prospect, located 800 metres northeast of the Baal Gammon copper mine near the Herberton Tin Field of Northern Queensland.

The company said the initial batch of results has revealed a number of significant intersections, including:
 
–    6 metres at 4.33 per cent copper, 1.25 per cent tin, 106 grams per tonne silver and 301g/t indium from 87 metres;

–    9m at 1.56 per cent copper, 0.15 per cent tin, 43g/t silver and 102g/t indium from 123m; and

–    5m at 1.63 per cent copper, 0.2 per cent tin, 110g/t silver and 209g/t indium from 53m.

Monto said the results from the Confederation drilling program demonstrate the high grade nature of shallow copper mineralisation in the area and, given the proximity to the Baal Gammon mine, confirms the prospect as a potential additional source of high grade ore.

 

Source: Company announcement

“The initial batch of results received from the Confederation drilling program have confirmed the high grade nature of copper mineralisation in close proximity to the Baal Gammon pit and have also, rather unexpectedly, demonstrated significant tin grades associated with the copper,” Monto Minerals managing director James Allchurch said in the company’s announcement to the Australian Securities Exchange.

“The Confederation prospect provides great optionality for increased tonnes at the Baal Gammon operation and also represents a great deal of exploration upside given that both Baal Gammon and Confederation are located at the southwestern end of a strong northeast-trending aeromagnetic anomaly.”

Monto has completed the drilling program at Confederation and indicated that it will release results as they are received from the laboratory.

The company is currently finalising a forthcoming drilling program for Confederation, which will exclusively target high-grade tin mineralisation in the northern Herberton Tin Field.

This round of drilling is expected to commence late June 2012.