Potential to expand Plutus Resource confirmed

30 January 2008 | 03:15 Code : 16639 Geoscience events
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The final three holes from Discovery Metals’ Phase One Plutus Prospect drill program....

  The final three holes from Discovery Metals’ Phase One Plutus Prospect drill program, completed late in 2007, indicate that the copper-silver mineralisation extends southwest outside of the current boundary of the Plutus Inferred Mineral Resource at the company’s 100%-owned Maun Copper Project in northwest Botswana.The Plutus Prospect currently contains an Inferred Mineral Resource of 14.5Mt @ 1.3% Cu and 12.6 g/t Ag, at a cut-off of 0.6% Cu. The final three holes of the Phase One Plutus drill program occur beyond the southwest boundary of the Plutus Inferred Mineral Resource. On section 37,600mN, hole PD202 intersected 7.7m @ 1.6% Cu and 16g/t Ag, including 5.7m @ 1.9% Cu and 20g/t Ag, and hole PD203 intersected 6.0m @ 1.7% Cu and 26g/t Ag, including 4m @ 2.0% Cu and 34g/t Ag. Discovery Metals’ Managing Director, Jeremy Read said the drill results from holes PD202 and PD203 indicate that the Plutus copper-silver mineralisation extends southwest of the current southern boundary of the Plutus Inferred Mineral Resource, suggesting there is further potential to increase the size of the Plutus resource. “The results from holes PD202 and PD203 are particularly significant as they suggest that copper-silver mineralisation, at potentially open pittable widths and grades extend southwest beyond the current boundary of the Plutus mineral resource,” Mr Read said. “We have just re-commenced drilling following the Christmas break and our Phase Two Plutus drill program will look to extend the mineral resource to the southwest towards the Petra Inferred Mineral Resource 2.5km away and also to complete infill drilling to better define the higher-grade zones at Plutus,” he said. “These results are a great start to what we believe is going to be a very exciting year for Discovery as we further develop the Maun Copper Project and look to further expand our resource base.”


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