Wednesday, August 10, 2022

New drill yields encouraging copper-silver strikes on Maun Project

The latest results from the on-going diamond drilling at the Plutus Prospect within the discovery Metals Limited’s Maun Copper Project in Northwest Botswana recently confirmed an expanded 6.5 kilometer strike of copper-silver mineralization.

The strike length remained open to the northeast and southwest as the drilling program on the Plutus Prospect continues to deliver encouraging results, says Discovery.

According to Discovery Managing Director, Jeremy Read, these results provide further confirmation that the Plutus Prospect has the potential to be classified as an Inferred mineral resource which could significantly increase the overall copper resources on the Maun Project, and be potentially mineable via an open pit operation.
The Plutus copper-silver mineralization occurs 10km northwest of the main Inferred mineral resource on the Maun Project at the Zeta Prospect and 5 km northeast of the Petra Inferred mineral resources.

According to the ASX release, drilling at Plutus has concentrated on defining mineralization which has been able to be extracted in an open pit with the majority of drill holes less than 120 meters vertical depth.

“The latest drill results form Plutus point to two higher grade zones of mineralization existing within the overall package of mineralization at the Prospect,” said Read. In the northeast of the Prospect, Read pointed out that there is a zone of mineralization grading in excess of 1.6 percent Cu, with a best result of 12.8 m at 1.6 percent. He said the southwest is a second high grade zone with grades in excess of 1.9 percent Cu and with a best result of 6.3m at 1.9 percent Cu.
“The two higher grades zones seem to be coherent over 1000-1500m each so they have the potential to make a significant impact on the overall grade of any Inferred mineral resource defined at Plutus,” said Read.

Once a fourth drill dig for the project is sourced, Read stated that they will commence infill drilling at Plutus in order to more accurately define the higher grade zone and quantify their impact on the overall resource.

In order to determine the extent of the shallow copper-silver mineralization intersected in the historical drill holes, Discovery has now completed RC diamond drill holes on 500m spaced sections covering 6.5km of strike. In addition to the holes completed by the company, six historical drill holes occur within the Prospect area and consequently the Plutus mineralization is now defied by 27 drill holes.

Once the results from the final four holes are received, the release stated that the Discovery Metal Limited (DML) will engage the services of a resource consultant in order to determine if Inferred mineral resources can be reported for the Plutus Prospect. It is anticipated that if a mineral resource for Plutus can be reported it will be announced in December.


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