Juniors hit copper zone at Estaco

Recent drilling has confirmed the presence of a wide zone of copper mineralization within a known massive sulphide deposit at the Estaco base metal project in the Aljustrel area of southern Portugal.

Four Canadian juniors hold a collective 60% interest in the property, with the remaining 40% held by a state mining corporation. Auspex Minerals (apj-v) has a 30% interest, with Redfern Resources (rfr-t), Cumberland Resources (cbd-t) and International Vestor Resources (ivs-v) each holding a 10% stake.

The first hole of the current drill program intersected a 19.3-metre section grading 1.5% copper, 0.34% lead and 1% zinc, plus 19.46 grams silver and 0.12 gram gold per tonne.

This copper zone occurs near the base of the massive sulphide body, below a zone of zinc mineralization which returned 0.14% copper, 1.46% lead, 4.12% zinc, 52.46 grams silver and 0.26 gram gold over 29 metres.

The second hole of the program intersected several mineralized intervals, and assays are expected shortly. A third hole is in progress.

The partners are encouraged by the increase in the copper grade in the first hole, which they believe may indicate the presence of a copper-rich core in the deposit, similar to other deposits in the Iberian Pyrite belt.

Print

Be the first to comment on "Juniors hit copper zone at Estaco"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close