First Targeted Copper Hole Hits 26.9m At 1.4% Copper
Galena Mining Ltd (ASX:G1A) has obtained an outstanding result from drill-hole AB195, drilled as part of the recently completed 2020 Abra Drilling Programme in Western Australia.
Managing Director, Alex Molyneux, said it is the first ever hole drilled specifically targetting the interpreted copper- gold zone at the Abra Base Metals Project.
“We’re astounded at the success of drill- hole AB195 in intersecting significant mineralisation where we interpreted the gold and copper zone to be!
“We’re planning a follow-up downhole electromagnetic survey to take place in Q2 this year to consider further copper-gold targeted drilling thereafter,” Mr Molyneux said.
Drill-hole AB195, was drilled as part of the 2020 Abra Drilling Programme, which concluded in late-December with 57 diamond core drill-holes being successfully completed for 24,832 cumulative linear metres. It’s the first ever drill-hole at Abra drilled to specifically target the interpreted zone of gold and copper mineralisation lying immediately adjacent to and underneath the heavily explored lead and silver mineralised zones.
AB195 intersected 3.0 metres at 4.2g/t gold and 1.1% copper from 670.7 metres, 2.0 metres at 6.9% copper from 698.1 metres, and 26.9 metres at 1.4% copper from 763.8 metres, including 8.9 metres at 2.3% copper from 773.0m .
Prior to intersecting the copper-gold zone, drill-hole AB195 passed through the Abra lead- silver zones, with the following significant intersections:
- 8.0 metres at 8.0% lead and 17g/t silver from 406.8m
- 5.5 metres at 12.1% lead and 12g/t silver from 541.3m
- 11.3 metres at 6.6% lead and 10g/t silver from 559.8m
Mr Molyneux said the success of AB195 is borne out by the fact the significant copper and gold mineralisation was intersected where potential for gold-copper channels were interpreted to be, based on a major geological and geophysical interpretation exercise carried out by the company in 2020.
Furthermore, grade and thickness parameters from sub-sections within the broader intersection (ie, 8.9 metres at 2.3% copper) line up favourably in value terms with the lead-silver reserve grades.
The wider significant copper intersection in drill-hole AB195 occurred within a 45m zone of visual intermittent massive and disseminated copper-bearing chalcopyrite mineralisation from a down-hole depth of 752m.
Mr Molyneux said that given time constraints and the other objectives of the 2020 Abra Drilling Program, AB195 was the only hole drilled specifically to target the interpreted copper-gold zone. However, he said its success bodes well for additional follow-up work.