Boss Energy

Maiden Copper Exploration Program Intersects Encouraging Mineralisation

The results come from First Quantum Minerals’ initial drilling program at Honeymoon; In light of these results, First Quantum has committed to proceeding with Phase 2 of the farm-in program

Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) is pleased to announce that First Quantum Minerals’ (TSE:FM) (First Quantum) maiden diamond drilling program on Honeymoon’s tenements in South Australia has successfully intersected basement-hosted base metal mineralisation below the Yarramba Palaeovalley which holds the uranium.


Highlights

  • First results received from copper exploration program conducted by First Quantum under its farm-in agreement with Boss at Honeymoon; Assays include:
  • 23CURDD002: 16m @ 0.27% Cu and 0.1g/t Au, from 288m, and;
  • 23CURDD006: 47m @ 0.19% Cu from 404m, with a number of narrower zones of 5-6m containing up to 0.5% Cu and 0.12g/t Au.
  • The Boss- First Quantum agreement gives First Quantum the right to earn a 51% interest in Honeymoon’s base metal endowment by spending $6m on exploration and a further 24% interest by sole-funding all base metals expenditure up to a Decision to Mine
  • The agreement enables Boss to remain fully-focused on its core business of uranium exploration, development and production while having exposure at no cost to the significant potential of a base metals exploration program led by a global major

Figure 1: Stratiform and vein-hosted chalcopyrite mineralisation in metasiltstones at Atlas target

Summary of drilling results from First Quantum 2023 drilling on EL6081 and EL6510

Following a phase of regional data assessment and targeting for base metals in the Paleo-Mesoproterozoic basement stratigraphy, a rotary mud-diamond drilling program was conducted on EL6081 and EL6510 during October-December 2023. Six holes totalling 2,473.4m across three targets were completed by DDH1 Drilling. The program intended to test several target styles associated with the Bimba Formation, the regionally anomalous unit that hosts the majority of known base and precious metal occurrences in the region.

Atlas target

Three holes totalling 1,029.5m were completed at the Atlas target, 4km east of Honeymoon. Drilling yielded several zones of stratiform and vein-hosted copper mineralisation with minor gold and outboard weak zinc at the interpreted Bimba Formation position, in two holes separated by 1.3km strike length. Mineralised intercepts include 16m @ 0.27% Cu and 0.1g/t Au, from 288m (23CURDD002) and 47m @ 0.19% Cu from 404m (23CURDD006), with a number of narrower zones of 5-6m containing up to 0.5% Cu and 0.12g/t Au. The intercepts are proof of process; evidence for movement and precipitation of copper (~gold/~zinc) within the Bimba Formation in the target area.


Click here for the full ASX Release

This article includes content from Boss Energy 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.
BOE:AU
The Conversation (0)
Boss Energy (ASX:BOE)

Boss Energy Limited

Multi-mine uranium producer in Australia and the US

Multi-mine uranium producer in Australia and the US Keep Reading...
December 2024 Quarterly Results Presentation

December 2024 Quarterly Results Presentation

Boss Energy Limited (BOE:AU) has announced December 2024 Quarterly Results PresentationDownload the PDF here. Keep Reading...
Quarterly Activities Report - December 2024

Quarterly Activities Report - December 2024

Boss Energy Limited (BOE:AU) has announced Quarterly Activities Report - December 2024Download the PDF here. Keep Reading...
Quarterly Cashflow Report - December 2024

Quarterly Cashflow Report - December 2024

Boss Energy Limited (BOE:AU) has announced Quarterly Cashflow Report - December 2024Download the PDF here. Keep Reading...
enCore Energy Hosts Grand Opening of the Alta Mesa Uranium Plant with George W. Bush, the 43rd President of the United States

enCore Energy Hosts Grand Opening of the Alta Mesa Uranium Plant with George W. Bush, the 43rd President of the United States

NASDAQ:EU TSXV:EU www.encoreuranium.com EnCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the " Company " or " enCore" ), a uranium producer and America's Clean Energy Company™, announced today that the Company held a grand opening celebration at its Alta Mesa In-Situ Recovery ("ISR") Uranium Central... Keep Reading...
Significant Mineralisation Confirmed in Sweden

Significant Mineralisation Confirmed in Sweden

Basin Energy (BSN:AU) has announced Significant Mineralisation Confirmed In SwedenDownload the PDF here. Keep Reading...
Nuclear plant cooling towers with overlaid stock market graphs at sunset.

Uranium Price Update: Q3 2025 in Review

The uranium space is currently navigating a complex mix of optimism and structural pressures as investors increasingly look to the sector and major miners reduce their guidance. After sinking to a US$63.25 per pound on March 7 — the lowest point since September 2023 — the U3O8 spot price... Keep Reading...
Drill Rig Mobilised at Lo Herma ISR Uranium Project

Drill Rig Mobilised at Lo Herma ISR Uranium Project

American Uranium (AMU:AU) has announced Drill Rig Mobilised at Lo Herma ISR Uranium ProjectDownload the PDF here. Keep Reading...
Stock market display with "Mergers and Acquisitions" in white amid red and green numbers.

IsoEnergy Expands Into Australia with Toro Energy Takeover

IsoEnergy (TSX:ISO,NYSE American:ISOU) is set to acquire Australia’s Toro Energy (ASX:TOE,OTC Pink:TOEYF) in an all-share deal that will consolidate two uranium developers into a single diversified platform as global nuclear demand surges and uranium prices continue to strengthen.The merger... Keep Reading...
Joint Investor Presentation

Joint Investor Presentation

Toro Energy (TOE:AU) has announced Joint Investor PresentationDownload the PDF here. Keep Reading...
IsoEnergy to Acquire Toro Energy

IsoEnergy to Acquire Toro Energy

Toro Energy (TOE:AU) has announced IsoEnergy to Acquire Toro EnergyDownload the PDF here. Keep Reading...

Latest Press Releases

Related News