Silver City Minerals Ltd (ASX:SCI) has received assay results from the first hole in the drill program at the Copper Blow Project near Broken Hill.
The first hole, 18CB071, intersected 2 metres at 1.50% and 0.03 g/t gold from 216 metres and 2 metres at 1.04% copper and 0.13 g/t gold from 228 metres.
Results for the second hole, 18CB072, of the program are pending.
READ: Silver City Minerals’ soil survey reveals extensive mineralised system at Copper Blow
The company has discovered a large mineral system indicative of an iron oxide copper gold deposit (IOCG) at the Copper Blow Project.
To date, two styles of mineralisation related to this system have been identified.
One is a magnetic ironstone-hosted copper-gold style being the Copper Blow shear zone.
Copper Blow part of a much larger mineral system
The company believes it is clear that copper-gold mineralisation located in ironstone at Copper Blow is part of a much larger mineral system.
Exploration including sampling and drilling will continue to understand the extent of this system across the eastern part of the tenure.