Mila Resources PLC (LSE:MILA) has intersected a mineralised sulphide zone approximately 9.3 metres wide, and beginning at a depth of 195.68 metres at the Coffey deposit in Australia.
The zone contains two metres of Bellevue-style quartz-sulphide lodes from 201.5 metres to 203.5 metres.
The objective of the drill programme is to build on the existing JORC inferred resource and unlock the full potential of the project.
Kathleen Valley is located in a region which hosts some of the largest gold projects in Australia and which is adjacent to Bellevue Gold's discoveries.
Drilling continues to define a wide coherent zone of mineralisation which is open at depth.
What’s more, mineralisation appears to be improving with depth and now extends down dip for more than 150 metres.
"The nature of the system is now beginning to develop into a sheared contact hosted system with poly-metallic mineralisation of gold-silver-zinc and now copper mineralisation,” said Neil Hutchison, chief geologist of Mila Resources.
“Intersecting this quartz-sulphide mineralisation is the key "Bellevue Style" of mineralisation we have been waiting for. Until now all the mineralisation has been hosted between two basalt flows. Now we are seeing a black glassy mylonitised shear zone between the basalt flows which not only hosts extensive sulphide mineralisation, but now includes the quartz-sulphide zone which also contains chalcopyrite (copper).”
The company hadn’t confirmed copper or quartz veining in any of its drilling at Coffey before. This association with the sulphide pyrrhotite makes this system look very similar to the gold-bearing lodes at the high-grade Bellevue project to the south.