Source: C29 Metals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • C29 Metals (C29) begins drilling at the Reedy Creek Mine Prospect within the Reedy Creek Project in Central NSW
  • Up to nine diamond holes will be drilled to confirm the significant historical high-grade zones of gold, silver, copper, lead, zinc and manganese
  • Previous drilling at Reedy Creek intersected up to 1.31 per cent copper, 4.2 per cent zinc, one per cent lead, 14.4 per cent manganese and 3.1 grams of gold per tonne (g/t)
  • C29 will also test the extensions of the mineralisation between the Reedy Creek Mine and Endeavour 1 prospects
  • C29 ends the day in the grey with shares trading at 19 cents

C29 Metals (C29) has begun drilling at the Reedy Creek Mine Prospect within the Reedy Creek Project in Central New South Wales.

The Reedy Creek Project lies in the world-class Lachlan Fold Belt within the Lachlan Transverse Zone.

It consists of a granted exploration licence and covers an area of around 42 square kilometres.

Additionally, the project is considered prospective for hydrothermal polymetallic deposits, with the gold related to a cross-cutting epithermal vein.

The mineralisation is located within a northeast-trending structural corridor that measures between 150 metres to 200 metres in width and measures over one kilometre

Up to nine diamond holes, for 1300 metres, will be drilled to confirm the significant historical high-grade zones of gold, silver, copper, lead, zinc and manganese.

Previous drilling at Reedy Creek intersected up to 1.31 per cent copper, 4.2 per cent zinc, one per cent lead, 14.4 per cent manganese and 3.1 grams of gold per tonne (g/t).

C29 will also test the extensions of the mineralisation between the Reedy Creek Mine and Endeavour 1 prospects.

C29 has ended the day in the grey with shares trading at 19 cents in a $7.46 million market cap.

C29 by the numbers
More From The Market Herald
ikeGPS (ASX:IKE) - CEO, Glenn Milnes

" ikeGPS (ASX:IKE) signs deal with tier-1 electric utility customer

ikeGPS Group (ASX:IKE) signs a NZ$900,000 (A$841,000) deal following a separate announcement for a $4 million…

" Navarre Minerals (ASX:NML) broad gold zones in first holes at St Arnaud

Navarre Minerals Limited (ASX:NML) reports on its completed drilling program at the St Arnaud Gold Project 240…

" New magnetic anomalies identified Alderan Resources (ASX:AL8) Frisco project

New magnetic anomalies were identified over Alderan Resources (ASX:AL8) Frisco copper-gold-zinc-silver project in Utah, USA.

" Desert Metals (ASX:DM1) initiates drilling at Belele and Innouendy

Desert Metals (ASX:DM1) has begun a five-hole reverse circulation (RC) program at the Belele project in…