GreenTech (ASX:GRE) emerge with exciting copper-zinc signs at Whundo

GreenTech (ASX:GRE) emerge with exciting copper-zinc signs at Whundo

December 21, 2022 0 By Rueben Hale

GreenTech Metals drilling and survey data have combined to serve up two highly compelling drill targets at Austin and Shelby prospects, part of recent work at the Whundo Cu-Zn project in Western Australia’s West Pilbara region.

The follow-up RC and down-hole electromagnetic survey explored three promising holes for a total depth of 852m, with more results pending following the current highly mineralised priority samples.

Whundo Surface Fixed Loop EM Footprint

Whundo Surface Fixed Loop EM Footprint

Excitingly, upper survey data coincides with 11.25m @ 1.6% Cu from 391m reported in the historic drill hole.

Meanwhile, the lower conductor (~5,000-10,000S) has a large areal extent and remains untested with drill hole 22GTR034, appearing to have intercepted the edge of the lower conductor target (14m @ 0.5% Cu from 417m, 3m @ 1.3% Cu from 428m).

The conductor testing (~6,000-10,000S) at the Austin target also confirms continuity of known mineralisation with follow-up DHEM highlighting a significantly stronger (~17,000-30,000S) off-hole downdip conductor, which may represent a thicker and higher-grade zone of Cu mineralisation.

The Compay said the Austin and Shelby Cu-Zn prospects are in addition to the already known cluster of discrete Cu-Zn deposits at Whundo constrained within a 500m wide zone over a strike length of 2km.

“These conductor plates that have been located by the DHEM surveys and confirmed to be fertile for copper mineralisation give us confidence that we are targeting the right location for further drilling and exploration,” Executive Director Thomas Reddicliffe said.

“We are very encouraged by these most recent results from both the Austin and Shelby targets and believe that these may represent discrete mineralised centres typically associated with VMS clusters and therefore have the potential to add to the Whundo resource inventory.

“We will be continuing our methodical exploration of these two prospects in the new year aimed at identifying the high-grade cores that are often associated with these deposits.”

Next Steps

A Follow-up drill program at Austin and Shelby will be planned in the new year.

Price Action

Greentech Minerals (ASX:GRE) ASX-listed shares are trading at 14.5c.

About Greentech Minerals

he Company is an exploration and development company primarily established to discover, develop, and acquire Australian and overseas projects containing minerals and metals used in the battery storage and electric vehicle sectors. The Company’s founding projects are focused on the underexplored nickel, copper and cobalt in the West Pilbara and Fraser Range Provinces.

The green energy transition currently underway will require a substantial increase in the supply of these minerals and metals for the electrification of the global vehicle fleet and the massive investment in the electrical grid, renewable energy infrastructure and storage.

Fundamental Data

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MarketOpen is an online digital media and in person events business connecting companies and investors. Through its flagship MarketOpen.com.au and social media, MarketOpen cover breaking news on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange (ASX).

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Holly Walters
Accounts and Events Manager
holly@marketopen.com.au
+61 409 281 580

Subscribe

* indicates required