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- Belararox (BRX) intersects visible copper and zinc sulphides in its first diamond drill hole at its Belara project in central New South Wales
- The drilling was targeting an untested area, which was 200 metres up dip from deeper historic drill intersections
- The company said the results confirm the continuity of massive sulphide mineralisation closer to the surface.
- Once metallurgical testing is completed for the most recent hole, assays will be released
- Market close, shares are trading 3.64 per cent lower at $1.06 each
Belararox (BRX) has intersected visible copper and zinc sulphides in its first diamond drill hole at its Belara project in central New South Wales.
The drilling was targeting an untested area, which was 200 metres up dip from deeper historic drill intersections.
Belararox said the results confirm the continuity of massive sulphide mineralisation closer to the surface.
The company is progressing exploration activities with a second drill rig expected at the end of the month. It will then start infill resource drilling.
It will conduct metallurgical test work on the full HQ core, which will support the updated Inferred Resource.
Once metallurgical testing is completed for the most recent hole, assays will be released.
“With the zinc price at an all-time high, BRX presents a unique and significant zinc and copper investment opportunity,” Managing Director Arvind Misra said.
“These battery minerals are likely to remain in demand in the foreseeable future due to growth in electric vehicle and renewable energy markets.”
On market close, shares are trading 3.64 per cent lower at $1.08 each.
