Great Southern Copper said final assay results from its trial rock float sampling programme at its Victoria prospect at Especularita in Chile returned grades of up to 2.1% copper and 4.29g/t gold, with multiple vein breccia targets identified.
Sam Garrett, chief executive, added: “We are very pleased with the results of our float sampling programme at Victoria which demonstrate the potential for high-grade Cu-Au deposits in the area.
“The prospect is rapidly developing into a potentially high-grade Cu-Au target for the company and we are eagerly awaiting the results of our Phase 2 work which has identified multiple outcropping structures with evidence of the style of copper mineralisation that is observed in the float samples.
“The results continue to highlight that the Especularita Project is an extensively mineralised district exhibiting evidence of a broad range of mineralisation styles characteristic of both porphyry and intrusion-related Cu-Au systems.”
Mapping and sampling are ongoing at Victoria, Great Southern added, to better understand the geology, styles, grades and extent of mineralisation.