The drilling campaign by Noranda (NRD-T) at the West Ansil property, funded by junior Alexis Minerals (AMC-V), has intersected more masive-sulphide mineralization.
The new drill holes cut the mineralized zones at vertical depths around 340 metres. One hole, WAN05-01, encountered 18.1 metres of massive sulphide grading 2.69% copper and 0.05% zinc.
A second hole, WAN05-02, drilled from a collar 13 metres away from hole 01, cut a 5-metre interval grading 3.39% copper, 0.12% zinc and 1.6 grams gold per tonne. The location and direction of the hole imply it pierced the zone between 35 and 50 metres from the hole 01 intersection.
The same hole intersected stringers of sulphide mineralization immediately below the massive material, which ran 0.89% copper and 1.32% zinc over 1.6 metres.
The zones appear to crosscut the stratigraphy, unlike typical exhalative massive sulphides. Their shape and size are not yet apparent and they are open above and to depth.
Two other holes intersected wide sulphide mineralization. One hole was still in progress when Alexis released the results, and the core from both was still being assayed. Hole WAN05-04, from the same setup as WAN05-02 but drilled to intersect the zone further up-dip, cut 42.3 metres of sulphide mineralization.
WAN05-05, about 290 metres further south, cut a 51.2-metre section of massive sulphides and magnetite in a separate zone called the “Upper Target.” The target is about 200 metres deep and sits on a breccia horizon stratigraphically above the West Ansil mineralization.
Ansil, 15 km northwest of the Rouyn town centre, was the most copper-rich of the Noranda deposits. It had a resource of 1.4 million tonnes grading 7.18% copper and 0.8% zinc.
Alexis is earning a 50% interest in Noranda’s Rouyn-Noranda area properties by spending $16.5 million over three years. Noranda received 1 million Alexis shares and 500,000 warrants in the deal.
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