Anglesey Mining plc reported high grade widths of mineralisation from exploration drilling at the Northern Copper zone at its 100% owned Parys Mountain on the Isle of Anglesey.
CONTINUITY
The company’s 2023-2024 programme is delineating mineral resource at the copper-zinc-lead-silver-gold volcanogenic massive sulfide project.
Drilling is designed to verify the reliability of historical drill holes and infill gaps in the drilling that will be used to revise Parys’ mineral resource estimate.
Hole NCZ002 was recently completed with a 107m, apparent thickness, zone of visible sulphides identified between 413m – 520m downhole.
NCZ002 is an infill hole between two pierce points from the 1970s drilling programme that intersected broad zones of mineralisation of 91m grading 0.9% copper equivalent and 75m grading 0.8% CuEq.
Both reported higher grade zones including 43m grading 1.2% CuEq and 26m grading 1.3% CuEq.
Anglesey anticipates that NCZ002 assays will confirm continuity of the Cu-Zn-Pb-Ag-Au mineralisation, with results expected within a few weeks.
Today’s results follow those in January from drill hole NCZ001 where assays including 22.0m at 3.7% CuEq.
The company has started drilling the programme’s third hole, NCZ003, with 200m drilled to date.
Interim chairman Andrew King said drilling Northern Copper zone had confirmed that Parys had a “significant zone of copper dominant mineralisation” within an area 600 to 700 metres along strike and 300 to 400m downdip.
“Widths of mineralisation appear to be averaging over 20 metres in this zone with copper equivalent grades of between 1.0-1.3%.
“The positive verification and infill drilling of the Northern Copper zone completed so far is a key element to advancing the project through future development studies and ultimately providing sufficient data on which to base a decision to mine.
“Current management has always believed the Northern Copper zone to be much more significant than the current resource numbers implied, and the first two drill holes of this programme are encouraging in supporting that view.”