Metals Australia completes diamond drilling program at Manindi Zinc Deposit

0
323
Oxidised massive sulphides in drill core at Manindi Image credit: metalsaustralia.com.au

Metals Australia (MLS) has completed the first phase exploration diamond drilling campaign at high priority resource extension and greenfield targets at its 100% owned Manindi Zinc Deposit in WA.

Oxidised massive sulphides in drill core at Manindi
Image credit: metalsaustralia.com.au

It said the 65-metre diamond drilling program was extended by a further hole to test for additional extensions of zinc mineralisation below the existing defined resource zone.

“The Company has completed an initial drilling program at the Manindi zinc project comprising five diamond drill holes,” the company told the ASX.

“The five-hole diamond drilling program was the first phase of a drilling campaign designed to test the extent of the zinc mineralisation at Manindi and to delineate extension of the mineralised zone along strike of the main deposit.”

Metals Australia Director Gino D’Anna said the drill core has been split and sent to the laboratory for analysis.

“The results of our first phase drill program have been most encouraging,” Mr D’Anna said.

“We are expecting results in the next few weeks and will then plan a follow up drilling program. We believe that 2017 is going to be a big year for MLS and we are firmly focused on delivering enhanced shareholder returns.”

The current estimated mineral resource at the Manindi Zinc Project, in compliance with JORC (2012), are 1,076Mt @ 6.52% Zn for 70,102 tonnes of contained zinc metal (at a cut-off grade of 2% Zn).