| Announcement Date: | 2022-09-27 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Minerals 260 Ltd. |
| Project name: | Moora |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 16m at 2.8g/t Au from 48m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Minerals 260 Limited (ASX:MI6, “Minerals 260” or “Company”) advises that further results from follow-up Reverse Circulation (RC) drilling completed in June this year have confirmed the potential for significant gold mineralisation at the Angepena 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 Moora Project forms part of a contiguous, 1,000km2 land package which includes the adjacent Koojan JV, where the Company is in joint venture with Lachlan Star Limited (ASX: LSA) and has the right to earn up to 51% equity Assays were recently received for the Angepena holes and the Zest holes not previously reported but are pending for the MGA holes. Drill statistics for the most recent and previous RC/diamond core drill programs (including significant results) are listed in Appendices 1 and 2. The three RC holes drilled at Angepena were designed to provide further data on the orientation and controls on gold mineralisation, which has so far been defined over a strike length of 900m with the system remaining open along strike and at depth. Drilling at Angepena has intersected multiple gold zones hosted by a folded sequence of inter-layered mafic/ultramafic units, with the highest |
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