THE DRILL SERGEANT: Voyager Resources has claimed a further discovery at its KM copper porphyry project in the South Gobi region of southern Mongolia.
Initial drilling on the Gaans prospect at KM has intersected:
– 46 metres at 1.1 per cent copper and 14.1 grams per tonne silver from 16 metres; and
– 38m at 0.88 per cent copper and 4.5 g/t silver from 22m.
The Gaans is located approximately 2.5 kilometres east of the company’s previously reported Cughur discovery.
Voyager is confident Gaans is hosted in the same magmatic hydrothermal breccia as Cughur.
The company is currently undertaking exploration and development drilling at both prospect as well as at other regional targets.
There are now five rigs operating at KM including two Reverse Circulation (RC) drill rigs and three diamond core rigs.
Recent results from the Cughur discovery include:
– 107m at 1.5 per cent copper and 1.4 g/t silver from 20m;
– 72m at 0.8 per cent copper and 2.9 g/t silver from 32m; and
– 24m at 1.4 per cent copper and 4.0 g/t silver from 54m.
Voyager said that completed diamond tails have extended previously reported mineralisation in completed RC drilling at Cughur and include:
– 116m at 2.4 per cent copper and 7.2 g/t silver from 30m;
– 36m at 1.7 per cent copper and 5.5 g/t silver from 70m;
– 130m at 0.9 per cent copper and 2.5 g/t silver from 22m; and
– 90m at 0.7 per cent copper and 1.2 g/t silver from 48m.
Voyager said the ongoing exploration and drilling at KM is strengthening the company’s belief that it is an exceptional porphyry copper project that has the potential to be a company making asset.
“From this work, Voyager is advancing its understanding of the geology and mineralisation at KM, with Voyager now believing that the magmatic hydrothermal breccias intersected in drilling at Gaans and Cughur form a continuous semi-circular annulus to the south of a large granitic complex,” Voyager said in its announcement to the ASX.
“The hydrothermal breccia is interpreted to have a surface projected area exceeding 5.2 square kilometres.
“This is mainly inferred from modelling of the magnetic and IP geophysical surveys and supported by geological mapping where mapped outcrops and sub crops of quartz tourmaline breccias occur over a 5 kilometre east to west corridor covering the circular annulus.
“If this proves to be correct, KM would qualify as one of the largest breccia complexes found to date.”