RTG trench more high-grade Chanach copper-gold
December 14, 2023RTG Mining has brought in numerous high-grade copper-gold trench sampling assays, confirming multiple styles of mineralisation and providing further encouragement of large, high-grade systems at its Chanach Project in the Kyrgyz Republic.
A headline strike came in at 17m @ 5.13g/t Au and 0.78% Cu among more attractive strikes along 6.5 kilometres of skarns and new structures on the eastern end of a project RTG believes has clear potential to host a high-grade large copper-gold porphyry skarn system alongside high-grade epithermal gold.
RTG has continued to advance its Mabilo Project in the Philippines toward development, and Chief Executive Officer Justine Magee said these results built more confidence that Chanach holds a similar opportunity for multiple, high-grade systems.
“The results from the magnetic surveys have correlated well with our high-grade trench sampling results providing a much stronger understanding of the significant scale and potential of the Chanach Project. The plan is to follow up with a 3DIP survey and a drilling program in the next field season,” Ms Magee said.
“In addition to the continued excellent results coming from Chanach, the Mabilo Project in the Philippines continues to progress well with updated budgets for the planned DSO start up expected to be finalised shortly.
“Importantly, early in the new year this will allow the team to quickly focus on updates on finance offers from the various parties who have continued to express a desire to be involved in the financing of the Mabilo Project.”
Magnetic data results in Chanach’s eastern end also showed a relatively quiet texture with distinctive features clearly showing geometries of folded lithologies and structural feature locations aligned with known mineralisation, with geochemistry results showing large anomalous areas stretching over the majority of identified structures.
High-Grade Trench Sampling Results:
- 17m @ 5.13g/t Au and 0.78% Cu from Cut 6
- 3m @ 2.52g/t Au and 10.48% Cu from Cut 7
- 1m @2.25% Cu from Cut 7
- 2m @ 2.45% Cu from Cut 7
- 2m @ 1.13% Cu from Cut 7
- 11m @ 1.29g/t Au (including 1m @ 3.13g/t Au and 1.03% Cu) from Cut 8
- 4m @ 0.8% Cu from Cut 8
- 3m @ 4.15% Cu from Cut 8
- 3m @ 0.83g/t Au and 0.88% Cu from Cut 8
- 1m @ 1.32g/t Au from Cut 8
- 1m @ 1.13% Cu from Cut 8
- 1m @ 0.86% Cu from Cut 8
- 1m @ 0.72% Cu from Cut 8
Project map showing extensive mineralisation
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