GCHR 314 confirms and extends grades at Copper Hill North

A program of metallurgical and exploration drilling has been underway at Copper Hill since early September. Assay results from GCHR 314 have been received. At a 0.2% copper cutoff the hole intersected:-

  • 5 metres @ 0.47% Cu, 0.21 g/t Au from 77m metres
  • 63 metres @ 0.48%Cu, 0.23 g/t Au from 98 metres
  • 66 metres @ 0.61%Cu, 0.36 g/t Au from 186 metres

Peak values for copper are 1.19%, 1.46% and 1.72% respectively. The two broad intercepts occur within a 154 metre long mineralised zone which is cut by a 24 metre wide barren dyke. (Figure 1). Meterages are downhole and approximate true thickness based on current geological interpretations. Gold assays correlate well with the copper zones. (Figure 1)
GCHR314 was drilled to test up-dip extensions of the deeper intercept in GCHR298 (previously announced on 5 July 2010), and facilitate capture of the deeper intercept in future pit re-optimisations.

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