- Boab Metals (BML) is progressing phase five drilling at the Sorby Hills Lead-Silver-Zinc Project in Western Australia
- Since drilling began in May, 31 holes for 3000 metres have been completed to test new targets and mineralisation at various deposits
- Positively for the company, mineralisation has been confirmed and extended at multiple areas
- The overarching goal for this program is to extend the project’s mine life and increase the production capacity proposed in the definitive feasibility study
- Company shares are up 1.18 per cent and were trading at 43 cents
Boab Metals (BML) has completed over 3000 metres of drilling at its majority-owned Sorby Hills Lead-Silver-Zinc Project in Western Australia.
This phase five drilling program was originally planned to include 4200 metres, however the company has drilled an additional four holes taking the total number of holes drilled so far to 31.
Drilling began in May to test targets identified in the fourth phase, infill and extend the zinc-rich Alpha and Beta silver deposits, and test lead mineralisation at the Wildcat target.
However, the broader goal for this program is to extend the lead-silver-zinc project’s mine life and increase the production capacity proposed in the Sorby Hills Definitive Feasibility Study.
So far, this fifth phase of drilling has shown encouraging preliminary results based on core logging. For example hydrothermal mineralisation has been extended more than 100 metres northwest at the Omega deposit.
Shallow lead and zinc mineralisation has also been intersected 500 metres to the west of the Norton deposit and several drill holes have extended mineralisation at B-deposit.
Furthermore, logging of diamond drill core confirmed the presence of secondary lead and zinc mineralisation at the Wildcat target which was one of the aims of this phase of drilling.
Managing Director and CEO, Simon Noon, was pleased by the initial findings.
“We believe these results will enable us to model the geometry of a new style of mineralisation which we first recognised in the phase four drill holes in the north of Omega deposit. We are also particularly excited about the mineralisation intercept encountered when testing an isolated historic anomaly 500 metres west of the Norton deposit.”
The remainder of the program will focus on the central Omega deposit, the Beta deposit and on drilling conceptual targets at Eight Mile Creek.
Company shares were up 1.18 per cent and were trading at 43 cents at 10:47 am AEST.