GreenTech (ASX:GRE) spot a Whundo whopper
GreenTech Metals have revealed a significantly thicker copper dominant mineralised horizon holding grades up to 5.4 per cent at the Austin prospect, just part of its greater Whundo copper zinc project in the West Pilbara region of Western Australia.
A 19-metre-thick intercept holding 0.81% copper and 0.15% zinc came alongside higher-grade assays and elevated levels of gold and cobalt, backing up previous holes at the prospect which returned multiple high-grade strikes.
It marks a threefold thickening of the Austin mineralised zone and continues to show the prospect is a seperate mineralising event to an overlying resource.
$0.076GreenTech Executive Director Thomas Reddicliffe said the returns augmented its initial logging observations as it moves on wider drilling to expand the Whundo resource.
This deeper portion of the Austin horizon is largely unconstrained due to the paucity of historic deep drill holes, and we believe it could ultimately eclipse the Whundo East resource in size based on the surface extent of the largely untested Austin FLEM conductor anomaly,” Mr Reddicliffe said.
“With the continuing encouragement from drilling results the Whundo and Austin deposits are shaping up to be a significant copper project in WA I am confident we will be able to continue to expand the copper resource from our recently reported ~6Mt.”
“The project also has the additional bonus of gold, cobalt and zinc which are key metals in high demand.”
The last combined Whundo-Ayshia JORC resource upgrade returned a lofty 63 per cent raise in copper metal tonnes and the project could be set for more massive gains from a largely unconstrained copper mineralised zone now identified at Austin.
New assay results include:
- 19m @ 0.81% Cu and 0.15% Zn from 225m, including:
▪ 15m@ 1% Cu from 226m, including
▪ 6m @ 2% Cu from 226m, including
▪ 1m @ 5.4% Cu from 226m
Elevated gold and cobalt:
- 2m @ 1.35g/t Au from 178m
- 15m @ 0.04% Co from 226m, including 6m @ 0.073% Co from 226m
Previous results:
- 8m @ 2.55% Cu from 141m
- 12m @ 2.5% Cu from 161m
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