logo-loader

King River Copper assays return grades up to 39% copper at Chapman

Published: 02:38 04 Oct 2013 BST

no_picture_pai

King River Copper (ASX: KRC) has received assay results from rock chips collected at the recent discovery at the Chapman project at Speewah Dome, which returned grades up to 39% copper, 335g/t silver and 3.96g/t gold.

Shares in King River look likely to open higher on these results after exploration at the Western Australian project has turned up trumps.

Now while its early days, the copper result looks especially interesting as it is the highest ever obtained in sampling at Speewah.

The results were from an initial batch of 125 rock chip samples collected from field mapping and sampling, mostly from the Chapman and Eiffler prospects.

What holds out promise of something bigger, is that the best copper, gold and silver results, grading 17.8, 26.6 and 39.1% copper actually were collected from different sections of a prominent outcrop within 5-20 metre proximity to each other.

Interpretation


The results would seem to support two structural targets for drilling – the sub-horizontal granophyre-sediment contact and a north-west dipping iron oxide rich breccia structure in the granophyre.

Which would enhance the potential for more copper, silver and gold discoveries around the 30 kilometre long Speewah Dome where this stratigraphic–structural configuration is found.



Analysis

So there is a sense that the results today, have not even (literally) touched the surface.

There are more batches of rock chip sample results to come back from the laboratory, particularly from Chapman but also from the Todhunter and King Central prospects.  A drill program will also be on the agenda.

Speewah Dome represents a large multi mineral footprint and the potential of which is shaping up very nicely. With significant news flow to follow.

There are alot more locations, also away from Chapman, where the XRF machine has indicated highly, anomalous copper, silver, antimony and arsenic values.

Drilling is also expected to start next week on some interesting soil anomalies in close proximity to the Hayden/Greys area, where previous surface rock samples of up to 27.5% copper, high silver values and gold had previously been identified in 2010.

However, these were not systematically explored due to shallow soil cover and a lack of geochemical analysis. So it is about to get even more interesting.

 

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.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

1 hour, 13 minutes ago