Final Assays - Lone Star Copper-Gold Project

Marquee Resources Limited (Company or Marquee) (ASX: MQR) is pleased to announce the final assay results from the Lone Star Copper-Gold Project, Washington State, USA (Lone Star or the Project). Results from the final batch of assays continue to intersect a wide mineralised envelope (up to 150m @ >0.5% Cu) with high-grade mineralised zones (up to 19.8m @ >2% Cu) within the core of the system. The Company’s focus now turns to completion of a maiden, JORC compliant resource estimate

Highlights

• Final assay results received from Phase 1 drilling program, which consisted of 46 diamond drill holes for 7,888 metres.
• Significant zones of copper and gold mineralisation include:
  • 57.9m @ 0.7% Cu & 0.3 g/t Au from 137.2m (incl. 15.2m @ 1.7% Cu, 0.7 g/t Au & 1.7 g/t Ag) (LS21-036)
  • 18.9m @ 1.7% Cu & 0.8 g/t Au from 223.1m (incl. 8.2m @ 3.2% Cu, 1.6 g/t Au & 2.9 g/t Ag) (LS21-037)
  • 45.4m @ 0.6% Cu & 0.5 g/t Au from 64.9m (incl. 7.8m @ 1.3% Cu, 1.3 g/t Au & 3.2 g/t Ag) (LS21- 038)
  • 12.3m @ 1.6% Cu, 0.7 g/t Au & 3.7 g/t Ag from 285.1m (LS21-049)
• The Company is advancing resources modelling studies to produce a maiden JORC 2012 resource estimate at Lone Star deposit.
• The modelling studies will continue focussing on identifying economic global resources with a core (up to 15m) of high-grade copper (up to 18.5% Cu), gold (up to 10.4g/t Au) and silver (up to 106 g/t Ag) mineralisation contained within a wide zone (>50m) of mineralisation.
• Multiple high-grade zones of mineralisation intersected during the campaign to date include:
  • 44.2m @ 1.3% Cu from 65.8m (incl. 19.8m @ 2.4% Cu) (LS21-001)
  • 22.1m @ 1.15% Cu from 140.4m (incl. 8.5m @ 2.1% Cu) (LS21-001)
  • 15.54m @ 3.7% Cu & 1.8g/t Au from 48.3m (incl. 2.6m @ 18.5% Cu & 10.4g/t Au) (LS21-002)
  • 149.4m @ 0.7% Cu from 12.8m (incl. 4.6m @ 3.1% Cu, 1.3g/t Au & 11.7g/t Ag) (LS21-016)
  • 79.9m @ 0.6 % Cu from 97.5 (incl. 7.6m @ 1.3% Cu, 2.8g/t Au & 11.8 g/t Ag) (LS21-022)
  • 70.7m @ 0.7% Cu from 134.1m (incl. 3.4m @ 4.3% Cu, 14.9 g/t Au & 29.5 g/t Ag) (LS21-039)

Marquee’s Executive Chairman, Mr. Charles Thomas, commented: “With receipt of the final assay results, we are proceeding rapidly towards completion of a maiden JORC compliant resource for the Lone Star deposit. The drilling has significantly increased our understanding of the mineralisation at Lone Star and I look forward to sharing the maiden JORC resource with our shareholders in due course.”

The Lone Star deposit is interpreted to have elements of structural and stratigraphic control with an overprinting porphyry copper system. Structurally stacked ‘tectonic’ lenses of east dipping, closely spaced, overlapping en- echelon zones of VMS-style massive sulphide have been structurally emplaced during thrusting over the basal serpentinite unit.

At least eight individual zones have been interpreted and these zones range from 1 to 18 metres thick. Porphyry and hydrothermal fluids utilised the pre-existing structural architecture to deposit copper-gold mineralisation after the earlier thrusting event.

Structurally controlled epithermal gold mineralisation, discordant with early base metal mineralisation, has also been identified hosted in veins, shear veins and breccia zones and is interpreted to have been deposited syn- porphyry emplacement. At least three separate rhyolite sills, are fed by sub-vertical, structurally controlled, feeder dykes/zones.

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