Anglesey Mining said preliminary inspections of drill core from the Northern Copper Zone at Parys Mountain in Anglesey indicate a continuation of mineralisation.
Recently completed, drill hole NCZ002 contained a 107m (apparent thickness) zone of visible sulphides identified between 413m – 520m downhole, said the statement.
Significant high-grade widths of polymetallic mineralisation were identified along the contact with the Garth Daniel Zone, with one intersect grading 3.2% copper equivalent over 22 metres.
Core samples have been sent to the lab and assay results should confirm the visible signs said Anglesey, which added drilling has now started on a third hole with 200m reached so far.
Andrew King, Anglesey Mining’s interim chairman, said: “Ongoing drilling of the Northern Copper Zone is confirming that Parys Mountain has a significant zone of copper dominant mineralisation within an area 600 to 700 metres along strike and 300 to 400m downdip.
“Widths of mineralisation appear to be averaging over 20 metres in this zone with copper equivalent grades of between 1.0 – 1.3%.”
“Current management has always believed the Northern Copper Zone to be much more significant than the current resource numbers implied and the first two drill holes of this program are encouraging in supporting that view.”