Announcement Date: 2022-07-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Minerals 260 Ltd.
Project name: Moora
Location: Australia
Commodities: Gold,Copper
Highlight: Drilling results incl. 13m @ 3.3g/t Au, 0.2% Cu from 127m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Minerals 260 Limited (ASX:MI6, “Minerals 260” or “Company”) advises that initial assay results from followup Reverse Circulation (RC) drilling have confirmed the potential for a significant gold-copper zone at the Zest prospect, which is part of the Company’s 100%-owned Moora Project located ~150km north-east of Perth in the Julimar Mineral Province of SW Western Australia (Figure 1) The drilling at Zest and Angepena (Figure 2) tested for strike and/or dip extensions of previously reported results, while the three holes into the MGA were designed to provide geological data from the southern part of the anomaly. Results have only been received for MRCC0043 at Zest, assaying of which was prioritised ahead of other holes based on geological logging. Drill statistics for the most recent and previous RC drill programs (including significant results) are listed Appendix 1. A total of 10 RC holes for 1,715m were drilled as part of the recent program at Zest to test for strike and dip extensions of mineralisation intersected earlier this year (see highlights). The latest results appear to confirm the down-dip extension of the mineralisation (Figure 3) with a 2-3 diamond core drilling program in progress to provide structural and geological data to support this interpretation.
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