Notable Drill Intercepts on the ASX
Recent months have seen several notable drill intercepts on the Australian Stock Exchange (ASX), including a 58-metre hit at 3.08 per cent copper and 13.3 grams per tonne (g/t) silver by White Cliff Minerals at its Rae project in Canada. Other significant hits were reported from Benz Mining Corporation's Glenburgh project in Western Australia's northwest and Koonenberry Gold's Enmore gold project in New South Wales.
Key Takeaways:
- White Cliff Minerals reported a 58-metre intercept at 3.08 per cent copper and 13.3g/t silver at its Rae project in Canada, including a high-grade 18-metre run assaying 5.21 per cent copper and 22.33g/t silver.
- Benz Mining Corporation's drilling at the Glenburgh project intersected 2 metres of high-grade gold mineralisation averaging 6.8g/t gold, forming part of a 102-metre run that averages 0.32g/t gold.
- Koonenberry Gold's diamond drilling at the Enmore gold project in New South Wales resulted in a 102-metre intercept assaying 1.10g/t gold, including a 44-metre section at 1.77g/t gold and 9.7 metres at 3.57g/t gold.
- White Cliff's drilling program has identified a mineralized system extending from surface to more than 175 metres vertical depth and potentially for up to 7 kilometres of strike to the northeast and southwest.
- Benz's exploration model suggests the existence of a third high-grade gold lens, open down-plunge and with potential for further definition.
- The Glenburgh project has a mineral resource estimate of 16.3 million tonnes at a grade of 1g/t gold for 510,100 ounces of contained gold.
Sources:
- White Cliff Minerals
- Benz Mining Corporation
- Koonenberry Gold
- Australian Stock Exchange (ASX)