ENP Newswire -
Release date- 06052014 -
A detailed study of drill cores and assay results of diamond drill holes in the historic Gibsons zinc-lead-copper-silver mine area has now been completed.
This Announcement should be read together with previous releases by PMR regarding Halls Peak exploration targets and results, specifically the announcements of
Some of the mineralized intervals reported from diamond drill holes DDH HP 026, 027 and 028 and 029 are shallow and have potential for direct shipment to smelters.
Further drilling is planned to establish the continuity of beds discovered to date and to locate new lodes. DDH HP 028, 029 and 030 were completed at the
DDH HP 028 intersected the four base metal zones identified in HP026 and HP027, providing useful information about their configuration and copper, lead, zinc and silver grades.
DDH HP 029 was collared near the portal of the 'Dry Tunnel' to attempt an intersection of Barker's Lode. Barker's Lode was intersected at shallow depth with high Ag, Cu, Pb and Zn grades.
DDH HP 030 was drilled vertically to test showings of mineralization along mine tracks, in rocks overlying the main mineralized zones. Three rather narrow zones of copper mineralization were intersected by the hole.
DDH HP 031 was drilled to investigate a shallow VTEM feature and to provide stratigraphic information in an area of very little rock outcrop, on the plateau to the east of Gibsons Mine Prospect.
DDH HP 028
9.4 metres (from 0.00 - 9.40m downhole) at 5.0% Zn, 2.2% Pb, 2.4% Cu, 73.4g/t Ag
Including 1.8 metres (from 1.60 - 3.40m downhole) at 12.76% Zn, 7.06% Pb, 7.13% Cu, 224.3g/t Ag, 0.9 g/t Au
3.3 metres (from 15.7 - 19.0m downhole) at 7.6% Zn, 3.0% Pb, 0.8% Cu, 29.5g/t Ag
1.5 metres (from 33.9 - 35.4m downhole) at 28% Zn, 9.6% Pb, 2.6% Cu, 62.9g/t Ag
3.2 metres (from 42.0 - 45.2 m downhole) at 19.7% Zn, 6.7% Pb, 1.57% Cu, 40.4g/t Ag
DDH HP 029
1.8 metres (from 8.60 - 10.40m downhole) at 19.98% Zn, 10.69% Pb, 0.9% Cu, 41.4g/t Ag
0.4 metres (from 30.40 - 30.80m downhole) at 2.18% Cu
0.2 metres (from 31.90 - 32.10m downhole) at 3.33% Cu
DDH HP 030
0.4 metres (from 40.60 - 40.80m downhole) at 6.47% Cu, 0.22% Zn, 30.3g/t Ag
0.25 metres (from 84.35 - 84.10m downhole) at 3.19% Cu, 0.25% Zn
DDH HP 31 did not intersect any significant mineralization. It was drilled in a separate location to Holes DDH HP 26-30 (
Previous reported holes
Following are some results from holes reported earlier.
DDH HP 026
37.2 metres at an average grade of 8.7% zinc, 3.0% lead, 1.4% copper and 85 g/t (2.8 oz/t) silver, over 4 bands
Including 10.5 metres at an average grade of 9.81% zinc, 5.63% lead, 2.67% copper and 196 g/t (6.3 oz/t) silver
Including 1.48 metres (from 1.62 to 3.1m) at an average grade of 19.2% zinc, 10.7% lead, 5.66% copper and 509 g/t (6.3 oz/t) silver
DDH HP 027
3.5 metres (from 39.00 - 42.50m downhole) at 5.0% Zn, 2.2% Pb, 2.4% Cu, 73.4g/t Ag
7.45 metres (from 50.20 - 57.65m downhole) at 8.88% Zn, 3.11% Pb, 0.56% Cu, 22.35g/t Ag
Including 1.9 metres (from 53.80 - 55.70 downhole) at 27.1% Zn, 8.7% Pb, 1.5% Cu, 59.0g/t Ag
Tel: +61 2 9251 7177
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