www.silverlakeresources.com.au
Silver Lake Resources (ASX: SLR) is a gold producing and exploration company with a resource base of 3.3 million ounces in highly prospective regions including the Mount Monger goldfield and the Murchison (Tuckabianna, Comet and Moyagee).
Silver Lake Resources' strategy is to develop large production centres at Mount Monger and at the Murchison with multiple mines at each centre. Silver Lake's exploration program is targeting 5 million ounces of gold in resource.
Silver Lake Resources intersects massive sulphides at Hollandaire
Gold producing Silver Lake Resources (ASX: SLR) recently increased the company's exploration focus on copper, with a diamond drilling program at the Eelya Complex targeting four large electromagnetic conductors.
Initial results from six diamond drill holes at Hollandaire are in, with all holes intersecting mineralisation, and better still - four holes intersected massive sulphide, with highlights:
- 21 metres of matrix sulphide from 159 metres;
- 13 metres of massive sulphide from 109 metres; and
- 8 metres of massive sulphide from 60 metres.
Assays for all holes are expected within 3 to 6 weeks.
Helping to unlock the potential of the area, historical exploration at Hollandaire from the 1970's identified areas of gossanous outcrop with an associated electromagnetic response.
Drilling at the target delivered some interesting results and well worth follow up by Silver Lake considering the high copper price.
These results included 53 metres at 0.6% copper from 59 metres, including 17.9 metres at 1.39% copper and 3 metres at 3.05% copper, and 20 metres at 0.71% copper from 80 metres - which ended in mineralisation.
Other results included 7 metres at 1.43% copper from 131 metres, and 9 metres at 1.51% copper from 143 metres.
The Eelya Complex is part of the Murchison project, which is located 600 kilometres north of Perth.
