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Mining

Rubianna Resources maiden drilling targets copper at Kookynie in WA

Rubianna Resources (ASX:RRE) is to commence its maiden reverse circulation drilling program at the Kookynie copper project, 60 kilometres northeast of Menzies, Western Australia.

Drilling will commence in early September, comprising 36 holes for 5000 metres, and is part-funded by a $150,000 grant from the Western Australian governments Exploration Incentive Scheme.

Historical intercepts are up to 4.6% copper.

Seven target areas highlighted by anomalous copper and multi-element geochemistry, with coincident geophysical features, have been identified.

The targets fall into two categories that could reflect different but interconnected components of a typical volcanogenic massive sulphide-style base metal system.

Copper mineralisation was intercepted by Western Metals Corp at the Dingus and Angus prospects over 40 years ago, representing walk-up drill targets in addition to the geophysical and geochemical anomalies identified by Rubianna.

The geology at Kookynie is similar to the VMS deposits of Teutonic Bore, Jaguar and Bentley which are located north of Leonora and all discovered after WMC completed their work in the area.

Rubianna is currently capitalised at $2 million and therefore any discoveries would likely have a positive impact on the share price.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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