Announcement Date: 2022-08-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: 29Metals Ltd.
Project name: Capricorn Copper
Location: Australia
Commodities: Silver,Copper,Cobalt
Highlight: Drilling results incl. 72.9m @ 2.9% Cu, 37g/t Ag, 672ppm Co from 793m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: 29Metals Limited (‘29Metals’ or, the ‘Company’) today announced results from exploration and resource development programs at Capricorn Copper, Golden Grove and Redhill. The drilling and exploration results in this release have been prepared and are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition) (the ‘JORC Code’). Drilling has intersected local zinc, silver, gold, lead and copper mineralisation outside of the existing Mineral Resources estimates. Key results include S22/047 which intersected 2.8m @ 42.7% Zn, 0.1% Cu, 0.6% Pb, 300g/t Ag, 1.3g/t Au, from 272.7m Results have also been received for the first extensional hole to the north, which intersected zinc, silver, and gold mineralisation outside of existing Mineral Resources estimates, with hole S21/074 intersecting 8.3m @ 10.7% Zn, 0.1% Cu, 0.6% Pb, 52g/t Ag, 0.7g/t Au, from 909.7m. Redhill field season Returned rock samples have highlighted possible extensions to existing veins as well as additional veins outside of existing Mineral Resources estimates, with samples returning elevated copper and precious metals mineralisation, with results as high as 3.4% Cu, 9.5g/t Au, and 221g/t Ag
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