Minerals 260 Limited Advises That Assay Results Received from Recent Follow-Up Reverse Circulation (RC) Drilling at the Mynt Prospect
26 targets including the Mynt prospect and a number of other priority prospects where previous exploration had defined significant gold and copper-gold mineralisation. The program, which comprised a total of 82 RC holes for 12,959m, was recently completed. At Mynt and the immediate adjacent area, a total of 17 RC holes were drilled for 2,918m, plus three subsequent diamond core holes (MRRD0088, MRRD0012-0013) for 588m. Assays been received for three RC holes MRRC0087, MRRC0089 and MRRC0100. MRRC0089 and MRRC0100 were drilled 40m south-east and north-west respectively of the initial discovery hole MRRC0040 and were designed to determine the trend and continuity of the mineralisation. The Mynt prospect was originally identified by soil geochemistry and shallow air-core drilling which defined a 3km long, broadly east-west trending copper-gold anomaly coincident with a contact with an arcuate magnetic high that appears to be demagnetised in the east. The latest results indicate that: The mineralisation is hosted by a steeply south-west dipping, structurally controlled, quartz-sulphide (chalcopyrite-pyrrhotite+bornite/) veined zoned within foliated mafic amphibolites. Geological observations from MRRD0088, drilled beneath MRRC0040, indicate that the mineralised zone may be thickening at depth. Mineralisation is partially remobilised and upgraded by pegmatite intrusions. The main pathfinder element associated with the copper and gold is tungsten plus elevated silver, bismuth and tellurium. Arsenic values are low. Follow-up drilling at Mynt will be planned once results are received for the outstanding holes, which are being prioritised at the assay laboratory. MRRC0087, which was drilled into an EM anomaly located south of the main Mynt trend, intersected a 3m thick, semi-massive to massive sulphide zone which returned 3m @ 0.3% Cu, 0.6% Ni, 0.09% Co and 70ppb Au from 92 95m. This appears to be a different style of mineralisation to Mynt, and further drilling will depend on results from the holes drilled immediately along strike.