Copper Hill Drilling Update – GCHD470

  •  55 metres at 1.8% copper and 5.7g/t gold
  • Bonanza Zone of 12 metres at 3.1% copper and 12.0g/t gold
  • GCHD471, on section 5500N, drilling ahead at 300 metres with well mineralised intervals reported by geologists on site

GCHD470 was completed at 366 metres returning very high copper and gold grades in the upper sections. Assays have been received for the interval 2 to 66 metres.
The hole targeted near-surface mineralisation between existing, historic holes at Central Copper Hill and was extended to test deeper mineralisation indicated by previous drill holes.
PQ and HQ Core sample assays have been returned from the ALS laboratory in Orange.
Results, using a 0.4% copper cut-off grade, are set out below and are shown in full at the end of this report:

2014-08

The porphyry copper-style mineralisation occurs within micro-tonalite and tonalite porphyry as laminated quartz-magnetite vein stockwork with chalcopyrite, pyrite and gold.
This initial assay run ends with a one metre sample at 2.8% copper and 4.8 g/t gold with mineralisation continuing downhole. Assays for the remainder of the drill hole will be
reported in due course.

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