Brumby Resources Limited (ASX: BMY) – $0.015
22 Jul 2015
Brumby Resources Limited (ASX: BMY) will commence its maiden drilling program in late August at the 100% owned Newman Zinc Project located in Western Australia (Figure 1).
Figure 1. Regional geology and tenement plan including location of the Newman Zinc Project
The maiden drilling program will comprise approximately 5,000 metres of reverse circulation and diamond drilling to test three targets along the 23km long Prairie Downs Fault Zone, namely the Wolf prospect, the Prairie Downs deposit and the southern extension to the Prairie Downs deposit known as Prairie Pup.
This represents the first major exploration program to be undertaken by the company following its recent merger with Marindi Metals Pty Ltd.
Drilling will initially focus on the Wolf prospect with previous drilling intersecting:
- 10.0 metres at 8.2% zinc, 7.5% lead, 0.4% copper and 203g/t silver
- 124.0 metres at 1.2% zinc, 0.8% lead, 11.0g/t silver including 8.0 metres at 11.1% zinc, 8.0% lead, 0.3% copper and 73.0g/t silver
- 153.0 metres at 1.7% zinc, 0.8% lead, 9.0g/t silver including 9.1 metres at 9.2% zinc, 8.8% lead, 0.2% copper and 49.0g/t silver
The Prairie Deposit has an Indicated and Inferred Resource of 3 million tonnes at 5.0% zinc, 1.6% lead and 15.0g/t silver including 1.2 metres at 6.4% zinc, 1.7% lead and 24.0g/t silver.
Please note Brumby Resources will be renamed Marindi Metals Limited.
For further information, visit www.brumbyresources.com.au
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