Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Eastern Metals Ltd.
Project name: Browns Reef
Location: Australia
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 13m @ 5.4% Zn, 2.3% Pb, 0.13% Cu, 11.5g/t Ag, 0.9g/t Au from 225m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Eastern Metals Limited (ASX: EMS, ‘Eastern Metals’ or ‘the Company’) is pleased to announce that assays have now been received from the Company’s initial diamond drilling campaign at Browns Reef with high grade broad intersections of sulphide mineralisation identified in all four holes drilled. This has extended the lode approximately 50m above and below the historic BRD013 (drilled by Kidman Resources) and at least 50m along strike to both the south and north of BRD013. Interpretation of drill results will continue however these results are thought to be the first stage of a significant high grade zinc-dominated polymetallic zone discovery at Browns Reef. Browns Reef lies 5km to the west of the town of Lake Cargelligo, approximately 470km west of Sydney. The area surrounding the Browns Reef base-metal deposit is utilised for agricultural purposes, including grazing and cropping. The known deposit at Browns Reef occupies a small part of the tenement. Most of the deeper drilling to date has been confined to a zone approximately 2.7km long in the central to southern part of the tenement and is situated on the eastern flank of the interpreted 9km long synclinal structure. Figure 1 shows the interpreted geology of the Browns Reef project area. This drawing also shows the location of the two high grade zones identified by Eastern Metals for further and more detailed follow-up drilling. The northern-most of these zones, formerly known as the Northern High Grade Zone and now known as the Evergreen Zone
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