Great Southern Copper PLC (LSE:GSCU) has released results from mapping and sampling activity at the Victoria prospect, one of several prospects currently under evaluation at the Especularita project in Chile.
The company hit assay grades in rock chips from outcropping vein-breccias of up to 6.9% copper and 1.85 grams per tonne gold.
A quarter of its outcrop samples assayed at over 1% copper and half at over 0.3% copper.
Multiple outcropping vein breccias have been mapped over a 1,000x600-metre area, and there is potential for the delineation of more under shallow cover.
Exploration to define drill targets is now underway.
"The company is very pleased to report these results from our follow-up mapping and sampling work at Victoria,” said Sam Garrett, chief executive of Great Southern Copper.
“The high-grade copper identified in outcrops and artisanal mine dumps strongly validates these mineralised structures as an exciting exploration target for GSC. Follow-up exploration efforts will now be designed with the aim of defining exploration drill targets for Victoria. We now have exploration teams working on three prospects within our Especularita project area - Victoria, Teresita and Aurelia - as well as a reconnaissance team collecting stream sediment samples across the entire project footprint. Our 100%-Chilean crews are working very hard and delivering exciting results and I thank them for their efforts. Their results continue to support our understanding that Especularita is part of a district-scale mineralised system demonstrating potential for the full spectrum of both porphyry and intrusive-related copper-gold type deposits."