EQ Resources Limited (ASX:EQR) has completed its ‘Phase 1 2022 Drill Programme’ at the Mt Carbine Tungsten Project in Queensland, Australia.
The programme targeted shallow mineralisation that has the potential to extend the planned open cut as per the Mt Carbine Bankable Feasibility Study (BFS).
The results for the final five holes have been received and significant mineralisation was encountered in the zone west of the pit (West Dyke Area), where the King-Veins have been intersected continuing westwards. These veins remain open in strike to the west and to depth.
CEO, Kevin MacNeill, said the most prospective zone continues the strike extent of the orebody where at regular intervals the structural preparation has widened the zones.
“It was unexpected that we intersected a high-grade zone of mineralisation of 5.95m @ 0.94% WO3 on our last section going westward from the open pit,” Mr MacNeill said.
“This shows the high grade repeats itself along strike. Knowing that our geophysics highlights this extension, it is a very encouraging sign. This mineralisation going west offers significant upside, just when we thought the veins were narrowing and losing some intensity away from the main orebody.”
Hole EQ026 with the down hole intersection of 5.95m @ 0.94% WO3 zone at 84.96m depth, would make a great underground start given its close proximity to the already existing decline.
Further work has commenced to evaluate this zone to see if it projects to the old surface workings in the area. Given the increase in chalcopyrite content and the coarse nature of the primary tungsten mineralisation, it is felt this direction is heading towards the fluid source.
For further information please visit: https://www.eqresources.com.au