Announcement Date: 2022-07-12
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: New Century Resources Ltd.
Project name: Century Mine
Location: Australia
Commodities: Silver,Lead,Zinc
Highlight: Drilling results incl. 7m @ 40.4% Zn, 2.8% Pb, 28g/t Ag from 66.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: New Century Resources Limited (New Century or the Company) (ASX: NCZ) is pleased to provide an update on the quarterly production and exploration activities at the Century Mine in Queensland. The Lilydale prospect sits adjacent to and stratigraphically above the Watson’s Lode vein and targets the younger Century host sequence. The area has a similar cluster of veins to those around the original Century ‘Big Zinc’ deposit. These veins are considered a potential feeder within the larger system. Historic geochemical anomalies of zinc, lead, and manganese have been identified in the surrounding soil plains which may indicate the presence of additional economic mineralisation beyond the known veins. Drilling at Lilydale aims to intersect the Century stratigraphy proximal to the Watson’s Lode and Lilydale structures, to gain insights into the relative timing of the vein forming events and the fertility of the Century host unit locally. The potential of the area is considered analogous to the satellite Teena deposit (58Mt @ 11% Zn, 1.6% Pb)1 relative to the larger HYC (McArthur River) deposit (227 Mt @ 9% Zn, 4% Pb, 40g/t Ag)1 .
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