Pride of Frogmore’ returns results

Percussion drill hole FCR019 has returned an assay of 15m grading 0.7% copper from...

  Percussion drill hole FCR019 has returned an assay of 15m grading 0.7% copper from a 50m vertical depth at the Frogmore Copper Project, Boorowa NSW, 250km west of Sydney.The ‘Pride of Frogmore’ copper structure now has a minimum strike length of 200m, up to 30m wide, and is open in both directions. Copper grades have previously been shown to improve with depth – the deepest intercept so far is at 250m vertical depth with grades up to 6% copper Drill hole FRC018, which was not completed to target depth due to drilling problems, ended in copper mineralisation at 206m in what is believed to be the start of the Pride of Frogmore lode (4m @ 0.5% Cu from 202m). FRC018 will be deepened with diamond drilling. Higher in the hole, FRC018 intersected 7m @ 0.76%Cu from 146m in the ‘Western’ lode, a structure that has been intersected in several other drill holes (the best previously reported intersection being 3.3m @ 2.1% Cu in FDD001). The company believes there is potential at the Pride of Frogmore for an economic copper deposit. Priority drill targets along this structure are shown on the longitudinal section, which remains untested beneath 250m depth. Later drilling will test the strike extent and down-plunge potential adjacent to current intersections. Previously the company had highlighted similarities with the style of mineralisation at Frogmore with the CSA Mine at Cobar, also in the Lachlan Fold Belt some 500km to the northwest in central western NSW. Favourable comparisons include the multiple lode occurrences and steeply plunging lodes in zones of strong alteration and shearing in a sedimentary sequence – at Frogmore the sequence has a volcanic component. At both districts ores are dominated by pyrrhotite and chalcopyrite with or without sphalerite, with mineralisation occurring as veins, aggregates, and semi-massive layers. Paradigm will be focusing on the ‘Pride of Frogmore’ structure in upcoming drilling, with the aim of achieving its first resource estimate at the end of this next stage. The timing of this program will be announced once a rig with suitable capacity has been secured. This program will be followed by a scoping study to assess the broad brush economics of the project at that stage.