Anax Metals Limited (ASX: ANX) has announced assay results for four diamond drill holes completed in August 2024 at the Evelyn Project, part of the Whim Creek Project, located 115km southwest of Port Hedland.
The purpose of the programme was to test for down-plunge extensions and to increase drill density for resource conversion purposes.
The best intersection from the drilling programme is from hole 24AED002A which returned 9.7m @ 2.65% CuEq from 180.3m, including 3.2m @ 5.63% CuEq from 186m.
The hole encountered substantial zinc (5.52% Zn) and precious metal grades (432g/t Ag and 3.7g/t Au) in the upper 1.1m of the mineralized zone. The mineralization is then interrupted by ~2.5m of barren mafic volcanic, followed by a 6.4m zone of high-grade copper-zinc-silver-gold.
Managing director, Geoff Laing, commented, “Evelyn drilling continues to deliver high-grade intersections and we are excited to be expanding our exploration focus within the Evelyn region. The deposit remains open at depth which we will test in future along with current work focusing on targets with similar high-grade potential.”
Evelyn remains open down plunge with the target area for follow up above JER056. The company is planning a reverse circulation (RC) drilling programme for the coming quarter and anticipates the potential plunge position at Evelyn will be tested as part of the campaign.
The company has also provided the following in relation to the visual disclosure of mineralization:
• The copper staining occurs along well-defined fracture faces and does not penetrate the host rock
• Both malachite and azurite were observed along the fracture faces
• Mineral abundances are an estimate only as the malachite and azurite were smeared along fracture faces
Assay results are expected December 2024.
To find out more, please visit www.anaxmetals.com.au
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