Paradigm intersects Frogmore copper

THE DRILL SERGEANT: Gold-copper exploration company Paradigm metals has reported significant new copper drill hole intersections at its 100%-owned Frogmore project located 25 kilometres northeast of the township of Boorowa in New South Wales.

Paradigm has recently completed an eight-hole, 1600 metre RC drill program at Frogmore and assays have been received for the first two holes.

These returned results of:

– 7 metres at 1.15% copper and 13 grams per tonne silver from 245m, including 2m at 2.26% copper and 18g/t silver.; and

– 5m at 2.31% copper and 16g/t silver from 197m, including 3m at 3.50% copper and 24g/t silver.

“These holes have extended known copper mineralisation at Frogmore by about 100m, to approximately 300 metres total strike,” Paradigm Metals said in its ASX announcement.

“Mineralisation remains open along strike, steeply down-dip to the east and ‘down-plunge’ to the south.”

Paradigm is now waiting on assays for two additional drill holes, which intersected significant shallow copper mineralisation at the northern end of the structure.

A further two holes were drilled to test for continuity of the copper body to the south.

These holes did not intersect economic grade, but located the lode position in the form of anomalous copper.

“We believe there is excellent potential for high-grade copper beneath these low-grade intersections,” the company said.

Another drill hole could not be completed to target depth, but Paradigm indicated it will be redrilled at a later time.

“FRC031 was drilled into a different target, a geophysical IP anomaly, well to the north of the main structure,” the company said.

“FRC031 intersected disseminated, low-grade copper. Copper mineralisation at Frogmore occurs as chalcopyrite in sheared, chlorite-quartz altered, silicic volcanic rocks.

“We believe the style of mineralisation is similar to the world-class copper deposits of Cobar NSW.”

Paradigm expects to receive the results for two final holes by the end of July.

Down-hole geophysics will be completed shortly, with which the company is aiming to identify ‘off-hole’ sulphide conductors and to determine the best location for further drill holes to test the deeper copper potential.