Encounter Resources Ltd (ASX: ENR) is confident that initial results from a four hole drill programme has vindicated its geological model at the 100% owned Lamil Copper-Gold Project in the Paterson Province of Western Australia.
While it is still early stages, Managing Director, Will Robinson, said gold assay results from interval 133-394m in drill hole ETG0203 have confirmed extensive gold anomalism throughout a broad, breccia zone interpreted to be a major structural fluid pathway
Drilling of the IP anomalies at Lamil has defined a significant zone of brecciation and alteration that is interpreted to be a major structural fluid pathway which is consistent with the geological model of the deposit type being targeted at Lamil,” Mr Robinson said.
“The first batch of fire assays from the breccia zone in one hole confirmed extensive gold anomalism exists throughout the structure, providing further encouragement.
“The processing of drill core from the programme continues with gold and multi-element results from all holes expected in June 2020.”
Lamil covers an area of ~61 sq. km and is located 25km northwest of the major gold-copper mine at Telfer, owned by Newcrest Mining Ltd.
Airborne EM and IP surveys were completed at Lamil in the second half of 2019.
These geophysical surveys significantly enhanced the geological and structural interpretation of the project and highlighted the compelling targets that were tested in the recent diamond drill programme.
Two diamond drill holes (ETG0203 and ETG0204) were completed to test chargeability anomalies along an 800m trend. Both holes intersected wide zones of brecciated, fractured and veined intercalated metasediments with associated intense alteration that is interpreted to have defined a major structural fluid pathway.
A section of ETG0203 was priority sampled for fire assay to obtain initial gold results.
Mr Robinson said fire assay results from the interval 133-394m have confirmed extensive gold anomalism, typically in the range of 10-50ppb gold throughout the interpreted structure. Individual assays within the breccia included 1m @ 0.62g/t gold from 219m and 1.3m @ 0.25g/t gold from 186.55m.
ETG0204, drilled 400m south-east of ETG0203, contains intervals of intensely altered brecciated sediment commencing from 10m down hole and zones of blebby and heavily disseminated sulphide, including locally high concentrations of arsenopyrite further down hole.
