Encounter uncovers high-grade copper-gold close to surface at Lamil project
Explorer Encounter Resources has intersected high grade copper-gold in step out drilling at the Dune prospect, part of its Lamil copper-gold project in WA.
The drilling intersected copper-gold reefs closer to surface than projected, including:
The drilling also intersected a different style of mineralisation at Dune, which is in the same rocks as the nearby Telfer, Havieron and Winu copper-gold deposits.
The new intersection of copper-silver mineralisation is hosted by tetrahedrite (a copper-silver mineral) which has a common association with high-sulphidation epithermal deposits – and may represent a new untested target-style at Lamil.
The company is planning follow up exploration to test for the extension of the high-grade copper-gold reefs intersected between 175- 210m depth, along with the new mineralisation at the project.
“The footprint of mineral system at Dune continues to grow and high-grade copper-gold reefs, up to 6.5% copper and 21.5g/t gold, were intersected nearer to surface in the latest drilling,” Encounter Resources (ASX:ENR) MD Will Robinson said.
“In addition, drilling has intersected a different style of mineralisation at Dune which appears epithermal in nature and contains silver assays up on 268g/t.
“Encouragingly, this is a new style of mineralisation at Lamil and we will now integrate these new results into our existing models to design the next phase of exploration.”
This article was developed in collaboration with Encounter Resources Limited (ASX:ENR), 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.