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Belararox Ltd (ASX: BRX) (Belararox or the Company), an advanced mineral explorer focused on high value clean energy metals, is pleased to announce the drill results from the recently commenced Phase 2 drill program.
Key Highlights
- Drilling results from Phase 2 drilling confirm and extend the continuity of massive sulphide mineralisation at Native Bee.
- Mineralisation extends more than 100m further south than the estimated resource at Native Bee and remains open at depth.
- Highlights include:
- 6.0m at 4.00% Zn, 0.27% Cu, 1.15% Pb, 33.70g/t Ag and 0.37g/t Au from 151.0m in NBDD007, including 3.0m at 7.57% Zn, 0.06% Cu, 2.11% Pb, 58.27g/t Ag and 0.70g/t Au.
- 8.0m at 2.17% Zn, 1.08% Cu, 0.14% Pb, 15.55g/t Ag and 0.16g/t Au from 175.0m in NBDD009.
- 7.0m at 1.49% Zn, 0.20% Cu, 0.80% Pb, 30.69g/t Ag and 0.02g/t Au from 205.0m in NBDD008.
- 4.0m at 1.22% Zn, 0.47% Cu, 0.75% Pb, 27.12g/t Ag and 0.23g/t Au from 75.0m in NBDD012.
- The mineralised intersection in NBDD007 is the best to date at Native Bee and suggests that the thickness of the massive sulphide lode is increasing with depth, potentially adding significant mineralisation below the known Native Bee sulphide resource.
- Planned exploration activities include:
- Phase 2 Drilling has been paused to assess the potential of thicker and higher-grade material at depth.
- Exploration targeting and field mapping over a further 20km of prospective host rocks and structural corridor south of Belara and Native Bee is ongoing on the recently granted EL9523 and EL9538.
Managing Director, Arvind Misra, commented:
“These results from Phase 2 drilling at Native Bee continue to extend the mineralisation with the best intersection to date recorded at Native Bee and indicate this is a highly prospective asset with more massive sulphide mineralisation discovered and further exploration upside.”
Phase 2 Drilling Campaign at Belara/Native Bee
The Phase 2 drill program is focussed on identifying additional mineralisation to the previously announced maiden Mineral Resource Estimate (MRE) at Belara and Native Bee comprising of an Inferred Resources of 5.0 million tonnes (Mt) at 3.41% Zinc equivalent (ZnEq) (see ASX announcement dated 3 November 2022).
Initial drill results from the Phase 2 diamond drill holes at Native Bee indicate that the mineralisation thickness at Native Bee is increasing at depth below the central part of the known Native Bee sulphide resource. The lode appears less consistent to the south than initially expected and may not be contiguous between the north zone of reported Inferred Resources and the area of historical mining at Native Bee (Figure 1). Belararox has therefore paused the Phase 2 drill campaign after approximately 1200m of diamond drilling to consider the potential for retargeting drilling into higher-grade areas.
This article includes content from Belararox Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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