Announcement Date: 2022-05-24
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Metals Australia Ltd.
Project name: Manindi
Location: Australia
Commodities: Silver,Copper
Highlight: Drilling results incl. 68m @ 0.2% Cu, 2.33g/t Ag from 89m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Metals Australia Ltd (“MLS” or the “Company”) is delighted to announce the results from reverse circulation (RC) drillhole MNRC070 that produced an exceptional intersection of high-grade zinc with copper and silver mineralisation (see cross section, Figure 1, below and longitudinal projection, Figure 2) at the Company’s Kultarr Zinc Prospect on the Manindi Project (“Manindi” or “the Project”), located 20 km southwest of Youanmi in the Murchison District of Western Australia (Figure 3). The high-grade intersection in MNRC070 of 68m @ 3.09% Zn, 0.20% Cu, 2.33 g/t Ag from 89m, including 24.0m @ 6.47% Zn, 0.29% Cu, 3.58 g/t Ag from 100m, has extended the high-grade zinc mineralisation at the Kowarri Prospect down plunge to the west of previous high-grade intersections2 (Figure 2). Previous electromagnetic (EM) surveys show EM anomalies at depth, below both the Kultarr (K2 anomaly) and Kowari (C1 anomaly) zones2 (Figure 2). This drilling confirms that the high-grade zinc mineralisation extends beyond the previous drilling and opens-up potential to significantly expand the high-grade zinc resources at the prospect.
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