Mt Isa Metals Limited (ASX:MET) Drilling Resumes At Barbara Copper Prospect
Brisbane, Sep 17, 2009 AEST (ABN Newswire) - Mt Isa Metals Limited (ASX:MET) is pleased to announce that a second and expanded phase of exploration drilling has commenced at the Barbara Copper Prospect.
The current program is to comprise 21 reverse circulation drill holes which will test the North Lode structure over a strike length in excess of 400 metres and to an average depth of less than 150 vertical metres from surface.
The drill program is designed to follow up significant sulphide intersections received from first phase drilling which included:
- 8 metres at 3.7% Cu and 0.27g/t Au from 32 metres (in BARC19), and
- 5 metres at 2.2% Cu from 43 metres (in BARC18)
In addition to the 'near surface' drilling a deeper reverse circulation drill hole is also planned to provide an initial test of the North Lode TEM conductor.
The North Lode conductive zone was identified by a geophysical survey completed by the joint venture in early 2009 and may indicate the presence of a structurally controlled accumulation of copper sulphides down-plunge from the surface gossan and recent encouraging drilling results.
Barbara is located approximately 50 kilometres northeast of Mount Isa in Northwest Queensland and forms part of the Company's Leichardt exploration project.
The project tenement (EPM 16112) is held in joint venture between Mt Isa Metals Limited (49%) and Syndicated Metals Limited (51% manager).
It is anticipated that the current phase of drilling will be completed by mid-October with assay results thereafter.
Contact
Mr Peter Spiers
Managing Director
Ph: +61-7-3303-0624
Mob: +61-409-407-265
Mr Duncan Cornish
Company Secretary
Ph: +61-7-3303-0624
Mob: +61-407-623-302
Email: info@mtisametals.com.au
Website www.mtisametals.com.au
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