Bastion Minerals Ltd (ASX: BMO) has provided an update on the high-grade Canadian Copper portfolio containing the advanced ICE Copper Project in the Yukon Province, Western Canada.
This is a province with a strong history of Volcanic Hosted Massive Sulphide (VHMS) deposit discovery and mining.
Following the location of more than 10,000m of historical drill core, Bastion began core resampling at the ICE Copper Project as part of the process to convert the historical, foreign, non-JORC resource to a JORC compliant mineral resource estimate.
As part of a two-stage sampling programme, the first assays (being the smaller batch) have been received from these initial samples with exceptional interval confirmations of 10.98m @ 7.15% Cu and 5.31m @ 9.88% Cu, shallow intersects, both from just ~90m depth.
Initial assay results confirm the tenor of the historically recorded mineralization:
- 5.31m @ 9.88% Cu, 0.37g/t Au, 16g/t Ag and 0.19% Co from 88.57 m (ID97-11)
- 10.98m @ 7.15% Cu, 0.57g/t Au, 25g/t Ag and 0.14% Co from 90.02m (ID97-13)
- 6.51m @ 4.53% Cu, 0.86g/t Au and 29g/t Ag from 86.77m (IC97-20)
- 6.37m @ 2.77% Cu and 0.34g/t Au from 29.9m (IC97-30)
- 9.49m @ 2.88% Cu from 43.59m (IC96-02)
Additional sample results will be reported as they are received. This information will be checked against the historical sampling intervals and used to evaluate the historical resource estimate, which did not include value from gold or cobalt mineralization.
To find out more, please visit www.bastionminerals.com
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