Reverse circulation drilling has been completed on the Elenita oxide copper project near Antofagasta, Chile.
Princeton Mining (TSE) drilled 3,000 metres, including 23 holes, designed to test a series of mantos on the property.
Ore-grade, copper-bearing mantos — within a sequence of thin, bedded andesitic flows dipping at 45 — were identified over an area measuring 400 by 600 metres.
The mineralization remains open to the northwest, southwest and southeast. Drilling was restricted to a depth of about 100 metres and, as a result, the resource also remains open to depth.
Teck (TSE) and Cominco Resources International (TSE) can participate up to a combined 50% interest upon completion of a preliminary feasibility study. Significant results from the first 10 holes are as follows:
Hole Interval Width Copper
(m) (m) (%)
ES-1 150-166 16 1.59
ES-2 151-615 5 0.80
ES-4 79-82 3 2.78
111-113 2 4.75
ES-5 15-25 20 1.84
ES-6 21-34 13 1.21
ES-7 28-34 6 3.10
37-39 2 0.59
65-68 3 1.28
102-105 3 1.26
ES-9 20-30 10 3.17
ES-10 12-24 12 0.67
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