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Belararox Ltd (ASX:BRX) (Belararox or the Company), an advanced mineral explorer focused on high value clean energy metals, is excited to announce the assay results from the Phase One Reverse Circulation (RC) and diamond core resource drilling at the Belara mine. The drilling aims to build upon historic results to determine the potential of the Belara Project to host significant zinc and copper mineralisation.
Latest Highlights
- New assay results from Phase One RC resource drilling confirm more high-grade zinc mineralisation at Belara.
- Highlights include:
- 10.0 m at 3.80% Zn, 0.25% Cu, 1.26% Pb, 46.50 g/t Ag and 0.49 g/t Au from 203.0m, including 5.0m at 4.95% Zn, 0.44% Cu, 1.84% Pb, 75.94 g/t Ag and 0.75 g/t Au in BLRC019D.
- 4.0 m at 4.19% Zn, 0.40% Cu, 1.44% Pb, 47.55 g/t Ag and 0.27 g/t Au from 69.0m, including 2.0m at 6.12% Zn, 0.79% Cu, 1.79% Pb, 75.60 g/t Ag and 0.30 g/t Au in BLDD029.
- 3.0 m at 3.48% Zn, 0.12% Cu, 1.75% Pb, 55.10 g/t Ag and 0.02 g/t Au from 119.0m in
- BLRC023.
- 1.0 m at 12.40% Zn, 0.32% Cu, 3.76% Pb, 211.00 g/t Ag and 0.19 g/t Au from 169.0m in BLRC008D.
- Results from BLRC019D intersected significantly wider and higher-grade base metal mineralisation than targeted and confirm high-grade mineralisation is open down-dip and along strike to the north of Belara.
- Results from BLDD029 confirm further high-grade mineralisation closer to the surface over a 300 m strike length.
- Metallurgical test work is progressing well with the first phase of flotation concentrates successfully produced for copper, zinc, and lead, providing confidence the metals can be recovered using standard flotation techniques.
- Acquisition of DHEM and FLEM survey data has been completed at both the Belara and Native Bee resource areas with processing underway to determine potential extensions to known mineralisation areas.
Next Steps
- Final drill results from the remaining six Phase One resource holes are to be announced later this month.
- DHEM and FLEM survey results are expected during September.
- Metallurgical test work is scheduled to be completed this month.
- A Mineral Resource Estimate and supporting Competent Persons Report to be completed during October.
The Belara and Native Bee mine areas are the first high priority targets for resource drilling (see www.belararox.com.au for project details)1. A phased approach is being taken to the drilling of the Belara and Native Bee mine targets. Phase One aims to deliver the density of drill assay intersections to support an Inferred Mineral Resource estimate prepared in accordance with the JORC (2012) Code over the known area of mineralisation at the Belara (Figure 1) and Native Bee (Figure 2) mines.
A total of 33 drill holes were completed in Phase 1, with new assay results from 14 drill holes received. A summary of significant results is presented in Table 2, and Figure 6 and Figure 7.
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