EQ Resources Limited (ASX:EQR) has identified significant ore grade tungsten intersections in promising initial results from the Phase 2 2022 drilling campaign completed in January 2023 at the Mt Carbine Tungsten Mine near Cairns, Queensland.
The results are from three holes drilled west and north of the Andy White Open Pit.
Two holes west of the pit, EQ027 and EQ028, confirmed the geological model identifying the most prospective target zone for tungsten enriched veining, which appears to be a roughly vertical zone below ‘200m Reduced Level (RL)’.
A third hole, EQ029, confirmed a northern extension of the high-grade Iron Duke veining. The Company is awaiting results from three further holes to the west of the Open Pit into the high-grade target zone. Visual indications under UV-light were highly promising, but assays are awaited.
“Discovering high-grade mineralization off the back of the soil sampling programme, shows a good exploration model exists to discover further resources,” CEO, Kevin MacNeill, said.
“The discovery in the northern Iron Duke zone gives us confidence that the Iron Duke Vein Package has strike extent and width.
“Although any potential ore in this area is for the future, EQR continues to explore the extent of the Mt Carbine tungsten deposit, to continue giving our shareholders confidence that EQR will be here for the long term as a significantly producing tungsten company, backed by resource.”
Highlights:
– First assays from the Phase 2 2022 diamond drilling programme continue to confirm high-grade tungsten mineralization zones west of the Andy White Open Pit.
– The Iron Duke northern extension hole confirms high-grade Scheelite zones and marks a significant discovery located from soil anomalies.
– Excellent drill results from the first three holes assayed include following:
2.36m @0.88% WO3 from 195.68m
3.63m @0.40% WO3 from 233.18m, incl. 0.20m @6.01% WO3 from 233.18m
9.76m @0.46% WO3 from 140.84m, incl. 2.25m @1.90% WO3 from 140.84m
2.64m @0.76% WO3 from 218.50m
For further information please visit: https://eqresources.com.au
