THE DRILL SERGEANT: RareX Limited (ASX: REE) reported on ongoing drilling activities at the company’s Trundle gold-copper project Joint Venture, located in the Macquarie Arc of the Lachlan Fold Belt in New South Wales.
RareX received part assay results for holes TRDD011 and TRDD012 at the Trundle Park prospect that returned mineralised intervals with high-grade copper and gold zones.
TRDD011 assay results for the first 102m of 332m, including:
74m at 0.40 per cent copper and 0.37 grams per tonne gold from surface, including 42m at 0.64 per cent copper and 0.58g/t gold from 32m, including 14m at 1.69 per cent copper, and
1.39g/t gold from 58m, including 4m at 4.98 per cent copper and 3.36g/t gold from 68m; and
TRDD012 assay results for the first 220m of 581m, including:
29m at 0.1 per cent copper and 0.18g/t gold from 191m, including 2m at 0.87 per cent copper and 0.05g/t gold from 195m, and
1m at 0.09 per cent copper and 1.17g/t gold from 204m.
The company said the broad and multiple skarn horizons intersected within TRDD012 provide encouragement for expanding the footprint size potential of the at/near surface skarn system along strike and to depth.
It also noted that primary bornite, chalcopyrite, molybdenum and observations of discrete monzodiorite intrusions in TRDD012 to be providing encouragement for vectoring towards the interpreted causative porphyry system intrusive target and the current working geological model for the central Trundle Park prospect.