Belararox is intrigued by the buzz from Native Bee drilling
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Belararox’s latest flurry of activity at its Belara project in New South Wales’ rich Lachlan Fold Belt has extended the continuity of massive sulphide mineralisation at the Native Bee deposit.
Belararox’s (ASX:BRX) Phase 2 drilling returned notable results such as 6m grading 4% zinc, 0.27% copper, 1.15% lead, 33.7 grams per tonne (g/t) silver and 0.37g/t gold from 151m (NBDD007) and 8m at 2.17% zinc, 1.08% copper, 0.14% lead, 15.55g/t silver and 0.16g/t gold from 175m (NBDD009).
This has extended Native Bee mineralisation by more than 100m further south than the current resource of 0.6Mt at 3.15% zinc equivalent (2.03% zinc, 0.67% lead, 0.23% copper, 17.6g/t silver and 0.02g/t gold) at a 0.85% zinc equivalent cut-off.
What’s more exciting for Belararox is that not only is the mineralised intersection at NBDD007 the best mineralised intersection at Native Bee to date, it also suggests that the thickness of the massive sulphide lode increases with depth, which could potentially add significant mineralisation below the known sulphide resource.
As a result, the company has paused its Phase 2 drill program to assess the potential of retargeting drilling to further test the thicker and higher-grade material at depth.
“These results from Phase 2 drilling at Native Bee continue to extend the mineralisation with the best intersection to date recorded at Native Bee and indicate this is a highly prospective asset with more massive sulphide mineralisation discovered and further exploration upside,” managing director Arvind Misra said.
Belararox’s Phase 2 drill program is aimed at identifying additional mineralisation to previously estimated resources at the Belara and Native Bee deposits, which have a combined resource of 5Mt at 3.41% zinc equivalent.
It noted that initial results have indicated that the mineralisation thickness at Native Bee increases at depth below the central part of the known Native Bee sulphide resource.
The company added that the lode appears less consistent to the south than initially expected and may not be contiguous between the north zone of reported Inferred Resources and the area of historical mining at Native Bee.
Additionally, hole NBDD009 has confirmed that additional sulphide mineralisation extends along strike to the south of defined resources at the deposit.
Geological mapping and exploration targeting is also ongoing at Native Bee to assess further mineralisation potential identified in a coincident airborne magnetics first derivative (1VD) and gravity anomaly, which extends about 2km south of the known resource.
This article was developed in collaboration with Belararox, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.