Rincon Resources Limited (ASX:RCR) has obtained further positive assay results from the final 12 holes of its maiden drilling programme at the 100% owned South Telfer Copper-Gold Project, located in the Paterson Province, Western Australia.
The latest results are for the remaining 12 holes (21STRC016-027) of the company’s 27 hole, 4,944m RC drilling programme, completed at the Hasties Prospect in August this year.
The Hasties Prospect maiden drilling program aimed to confirm historical drilling results completed over 20 years ago by Newcrest Mining, as well as testing for extensions to the known shallow copper-gold mineralisation at both Hasties Main and Hastie South-East (SE) zones along the 1km long Hasties Prospect mineral system.
Managing Director, Gary Harvey, said the company is highly encouraged by these drill results, which has expanded the footprint and confirmed the presence of wide, shallow zones of copper-gold (Cu-Au) mineralisation at both areas drilled, including significant high-grades zones up to 17.4g/t Au and 5.31% Cu at both zones.
“Our maiden RC drilling program has successfully returned multiple wide, shallow, high-grade copper and gold intercepts highlighting the potential at Hasties,” Mr Harvey said.
“We have now delineated a significant zone of continuous mineralisation starting from surface, extending to over 100m depth, over 300m of strike, and up to 50m wide. Importantly, mineralisation remains open in all directions.
“The results of our maiden program clearly demonstrate the potential to add significant scale to the system at Hasties, which we will do by commencing the Phase 2 RC and diamond drilling program in November.”
Drilling has broadly defined an interpreted moderate to steep dipping, south-east plunging mineralised system, defined over a combined strike up to ~700m, a depth of over 100m below surface, up to 50m wide, with mineralisation remaining open in all directions.
At Hasties Main zone, broad Cu-Au intervals of up to 94m (21STRC012) downhole width, including 62m @ 1.06 g/t from 4m in 21STRC21019 and 22m @ 1.83 g/t from 8m in 21STCR018 were intercepted. Mineralisation occurs above the base of oxidation and hosted in highly weathered sulphidic-quartz vein arrays and breccia zones.
Geological interpretation suggests multiple steep dipping mineralised structures are present and are controlling gold mineralisation. Copper mineralisation appears to be primarily controlled by fold structures within a preferred rock type.
Phase 2 drilling is due to commence in November 2021, including diamond drilling planned to test extensions to mineralisation at depth and a newly defined deep target (Hasties Deeps) approximately 300m below the Hasties Main zone.
Diamond core will provide detailed information about the alteration, mineralisation and structural controls to the Cu-Au mineralisation intersected in RC drilling as well as providing vectors to other deeper drill targets.
For further information please visit: https://www.rinconresources.com.au/
