Global Energy Metals Corporation announced that the initial reverse circulation (RC) drill program conducted and funded by joint venture partner Metal Bank Limited (MBK) has been completed at the Millennium Cobalt-Copper-Gold project in Queensland, Australia.
Nearly 1,600 meters were drilled predominantly in the South and Central resource areas, targeting both shallow and deep extensions to the existing mineralization along with infill, and several precollars in preparation for diamond drilling (DD), the company said.
Global Energy metals added that visual observations have been encouraging with copper oxide and/or sulphides noted in all holes and mineralization noted in all host rocks. Chalcopyrite and cobaltite also have been observed within broad alteration halos not currently within the resource envelope.
Additionally, mineralization was noted in all host rocks, however, it was best developed on or adjacent to the contact between carbonaceous shale and metasomatized sediments. Mineralization was also noted in the hangingwall west of the main Millennium mineralized trend, which is potentially indicative of secondary structures or a link with the Pilgrim/Fountain Range Fault along the western margin of the project.
Additional RC drilling is planned to directly test this regionally significant fault system to establish its relationship with the Millennium mineralization, the company said.
Despite some delays due to unseasonable weather, COVID-19 and mechanical and external logistical issues, the program remains on track, pending results, for a resource update in late 2022. Assays from the earliest drilling samples are now expected in late July or early August due to laboratory staff and supply chain disruption.
In the second week of June, the next phase of RC drilling in the north along with metallurgical and deeper diamond drilling in the South and Central areas will commence for roughly an additional 1,600 m (1,000 m RC, 600 m DD).
Metallurgical and deeper diamond drilling work is the first priority of this drilling, which will then expand into the northern parts of the Central Area and some scoping of the Northern Area, the company said.
Drilling assay results are expected by late September, with metallurgical test work expected a minimum of 12 weeks from submission.
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