Winmar Resources submits application for first drill programme at Lomero

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Image credit: winmarresources.com

Junior miner Winmar Resources has lodged a work proposal with the government of Andalucia for drilling four diamond drill holes at the Lomero gold-silver-copper-zinc deposit in Spain.

Image credit: winmarresources.com
Image credit: winmarresources.com

According to the company, the proposed holes will total 1500m and will target four locations up to 150m below the eastern end of the former mine workings.

“Government approval for the submitted work programme is anticipated to take up to two months, at which point Spanish regulations allow for approval to be taken as granted,” Winmar told the ASX.

“Winmar will be busy taking the additional steps required before drilling can commence, including negotiating access with the landowner, Subject to those limitations, Winmar anticipates that it will be able to commence drilling in late November.”

The Lomero gold-silver-copper-zinc project is located 60km north of the deep-water port of Huelva in Andalucia, within the Iberian Pyrite Belt – Spain’s premier mineral district. Lomero is a 1km-long tabular volcanogenic massive sulphide deposit with the highest gold grade of any mineral deposit within the Belt.

The previous mining operation at Lomero extracted at least 2.6 million tonnes of massive sulphide ore containing an average grade of 5g/t gold and 1.2% copper.