Fe Limited (ASX:FEL) welcomes results from partner Auris Minerals Ltd (ASX:AUR) in WA’s Bryah Basin which have extended existing copper mineralisation at Forrest and Wodger projects and intersected a new mineralisation style.
The positive hits returned from drilling come as the Bryah Basin’s significant player Sandfire Resources NL (ASX:SFR) seeks new discoveries in the region to feed its De Grussa operations.
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At Forrest diamond drilling returned strong results which support the interpretation of a northern down-plunge extension to known copper mineralisation.
Best result was 8.5 metres at 1.06% copper and 0.42 g/t gold from 382 metres, including 4 metres at 1.59% copper and 0.09 g/t gold, and 1-metre at 1.55% copper and 3.33 g/t gold.
New target for future exploration
The disseminated bornite mineralisation intersected is very encouraging to the partners as this style of copper mineralisation has not previously been intersected at Forrest prospect.
This style provides a new target for future exploration, both at Forrest and at a regional level.
At Wodger the best result was 1.8 metres at 1.73% copper from 335 metres, including 0.2 metres at 9.62% copper and 0.10 g/t gold.
READ: Fe Limited partner reveals more copper and gold in Bryah Basin, Auris surges 70%
FEL chairman Tony Sage said the company was upbeat about the latest results, which added to the considerable interest being shown in the Bryah Basin, particularly by Sandfire Resources.
The company has a 20% free-carried interest in 12 tenements in the basin until a decision to mine.
Diamond drilling at Forrest and Wodger has been completed for a total of 1,302.6 metres and all laboratory assay results have been received.
Auris holds several Bryah Basin projects in joint venture with Fe Limited.
Additional diamond drilling is required to further evaluate the interpreted northerly and north-westerly plunges to copper mineralisation at depth.
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Auris is also carrying out down hole EM survey work on the completed diamond holes.
A subtle in-hole EM response has been identified within one of the Wodger holes centred on a discrete, semi-massive zone of chalcopyrite mineralisation.
The survey work will be used to determine which geophysical technique, downhole or surficial, is most appropriate to progress exploration at the Forrest project.