Sunday, May 22, 2022

Discovery Metals intercepts high copper-silver mineralisation at NE Mango

Discovery Metals Limited said its recent drilling results from NE Mango project in Botswana has shown findings with significant copper-silver mineralisation.

In an update released last week, the BSE-quoted outfit revealed that 3 diamond holes have intersected mineralisation over 20 m or more drilled thickness, including some of the thickest intercepts returned to date from the Boseto Copper Project.

The company’s Managing Director, Brad Sampson, said the results represent some of the thickest intersections of copper-silver mineralisation we have intersected to date in the Boseto Zone.

“The Mango Prospect covers a strike length of more than 30 kilometres and the exploration completed to date has already identified a number of zones of interest, that have potential for open pit and underground mining and that may contribute to a larger longer life Boseto Copper Project,” Sampson said.

“Work is progressing immediately to drill sufficient holes to allow estimation of Inferred Mineral Resources in this area,” he added.

The NE Mango Prospect is located in the Boseto Zone and is less than 25 kilometres from the Boseto Copper Project’s concentrator.

The company said a second copper-silver mineralised zone of interest (NE Mango 2) has been discovered at the NE Mango prospect, 8 kilometres southwest of the copper-silver mineralisation as announced on 27 September 2011 (NE Mango 1).

Significant intercepts of copper-silver mineralisation have been returned in three sections over a 3.5 kilometre strike length.

“This second zone of interest at NE Mango was first identified via following-up RAB drilling conducted in the third quarter of 2011,” DML said.

“A total of 12 drill holes on six sections were completed in this programme, south-west of the known mineralisation. One drill hole, MGDD1340 was abandoned before intersecting the mineralised zone. “

Drilling in the last three sections intersected significant copper mineralisation. The mineralised zone is now thought to be at least 3.5 kilometres long and is open to the southwest and down dip.

Drilling between the two mineralised zones at NE Mango intersected low-grade and thinner zones of copper-silver mineralisation.

Infill drilling between the south-western three sections is currently underway, with a goal of completing sufficient drilling in the second quarter of 2012 to allow the estimation of Inferred Mineral Resources.

Infill drilling at NE Mango 1 has recently been completed, with the assay results expected by the end of the second quarter 2012. An estimation of Inferred Mineral Resources at NE Mango 1 is expected to be completed in the third quarter of 2012.

DML is currently developing Boseto and whose construction is nearing completion and is scheduled to commence production before the end of June 2012.

Planned production is approximately 36,000 tonnes of copper and more than 1 million ounces of silver per annum over an initial evaluated mine life of 15 years.


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