GreenTech Metals completes Stage 1 drilling to uncover new resources at its Whundo copper-zinc project
1,743m of drilling over the Austin, Shelby and Ayshia targets with DHEM completed on all holes
Assay and DHEM results to guide targeting for Stage 2 of the drill program
Special Report: GreenTech Metals has wrapped up the first stage of the planned 2,200m reverse circulation drilling program aimed at quantifying new resources at its Whundo copper-zinc project in WA’s West Pilbara region.
While the wholly owned project already hosts a resource of 6.2Mt grading 1.12% copper and 0.89% zinc, a high-level review completed in early May found that there is potential to expand the Whundo cluster of volcanogenic massive sulphide-style copper-zinc deposits.
This led GreenTech Metals (ASX:GRE) to start the drill program in June to test the underexplored Austin, Shelby, Yannery and Ayshia prospects, with targeting guided by the review.
Finding more mineralisation will expand the company’s plan to process Whundo ore at Anax Metals’ (ASX:ANX) Whim Creek processing hub under their alliance agreement.
Under the alliance, the partners are aiming to produce more than 20,000tpa of copper equivalent production.
Prospects and drill targets at Whundo. Pic: GreenTech Metals
First stage drilling done
GRE has now completed 1,743m of drilling over the Austin, Shelby and Ayshia targets with down-hole electromagnetic (DHEM) completed on all holes.
All samples have been sent to the assay laboratory for processing with the company noting that results from the assaying and DHEM survey will be used to guide targeting of the next stage of the drill program.
Stage 2 will continue focus on the four underexplored prospects.
“We are pleased that we have safely and successfully completed the initial stage of our planned staged drill program,” GreenTech Metals executive director Tom Reddicliffe said.
“This program aims to methodically explore the deeper reaches of the Austin, Shelby and Ayshia VMS deposits which represent great potential to significantly expand the project resources based on the size of their associated geophysical signatures and the results of previous drilling.
“We look forward to the results of the follow-up DHEM surveys which have also been completed and the drill sample assays. Based on these results, a second stage of drilling will be planned and implemented.”
This article was developed in collaboration with GreenTech Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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