New shallow lode zone at Goldfinger

09 October 2007 | 05:22 Code : 15580 Geoscience events
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Recent diamond drilling has intersected a significant new zone of copper....

  Recent diamond drilling has intersected a significant new zone of copper-cobalt dominant mineralisation at Stellar Resources’ Goldfinger zinc project, situated some 20km south of Broken Hill, New South Wales.Expenditure associated with the latest drilling round has also fulfilled Stellar’s 60 percent earn-in for its joint venture with CBH Resources and Anglogold Ashanti Australia Limited. The mineralisation at Goldfinger occurs in association with massive pyrrhotite mineralisation and Broken Hill style ‘lodey’ blue quartz and gahnite bearing psammitic rocks. Significant zinc mineralisation is contained within the gahnite, a zinc silicate mineral commonly associated with Broken Hill style mineralisation. Zinc within gahnite does not report in the acid digest assay. Hole GFDDH011 is sited on Section 545000E, across the centre of a strong Induced Polarisation zone, coincident with the western half of the Goldfinger gravity feature. Other drilling on this section (GFDDH07-012) has intersected additional pyrrhotite zones at depth, but with only minor visible economic mineralisation. It would seem likely that the geophysical targets are reflecting both the shallow lode intersected in hole GFDDH011 and the deeper pyrrhotite zones. Stellar said it was highly encouraged by the discovery of this new lode position and is planning an extensive RAB drilling program to evaluate the full extent of the IP zone.

tags: QAZVIN


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