Encounter Resources (ASX:ENR) - Senior Exploration Geologist, Mark Brodie
Senior Exploration Geologist, Mark Brodie
Source: Mark Brodie/LinkedIn
Market Herald logo


Be the first with the news that moves the market
  • Encounter Resources (ENR) further confirms the potential of the Lamil Project in Western Australia
  • The company recently conducted a seven-hole diamond drilling program which targeted three areas at the Dune prospect and an untested magnetic anomaly
  • Pleasingly, drilling confirms the copper-gold mineralisation at the Dune prospect is extensive at depth and vertically zoned
  • Only a handful of assays have been received and the rest are expected in October and November
  • Company shares ended the day 31.6 per cent in the green to trade at 25 cents

Encounter Resources (ENR) has announced positive findings from the Dune prospect which is part of the Lamil Project in Western Australia.

The company recently drilled seven holes as part of a diamond drilling program, including three diamond tails on existing reverse circulation (RC) holes and four new diamond holes.

The latest round of drilling focused on three separate target areas at Dune as well as a previously untested magnetic anomaly located north of the main Dune corridor.

Positively for the company, drilling successfully outlined a broad, steeply dipping zone of veining that remains open to the north and south.

While the previous RC drilling at Dune defined a copper-gold system spanning over one kilometre, diamond drilling confirmed the copper-gold mineralisation at Dune is depth extensive and vertically zoned.

The company is yet to receive most assays however an initial result has confirmed high-grade copper. The result includes 1.5 metres at 19.1 per cent copper from 409.1 metres sitting directly above 3.9 metres at 1.6 grams of gold per tonne from 410.6 metres.

Managing Director Will Robinson commented on the results.

“The current diamond drilling program at Lamil has been highly successful, defining a depth extensive stockwork corridor that contains high-grade copper mineralisation, as well as opening up a new and potential significant, mineral system to the north of Dune,” he said.

“We only have a handful of assays back so far and eagerly await results from other drilling completed at Lamil.”

Further assays are expected in October and November.

Company shares ended the day 31.6 per cent in the green to trade at 25 cents at market close.

ENR by the numbers
More From The Market Herald
North Stawell Minerals (ASX:NSM) - Non Executive Chairman, Jerry Ellis

" North Stawell Minerals (ASX:NSM) extends Gellatlys gold trend to 3.5km

North Stawell Minerals' (ASX:NSM) recent aircore drilling program has extended the Gellatlys gold trend to 3.5…

" Victory Goldfields (ASX:1VG) receives Coolgardie results

Victory Goldfields (ASX:1VG) has received results from its reverse circulation (RC) drilling program completed at the…
Orange Minerals (ASX:OMX)- Managing Director, David Greenwood

" Orange Minerals (ASX:OMX) posts first quarterly report since listing

Orange Minerals (ASX:OMX) reports its first activities quarterly report after listing on the ASX last month.

" Meeka Gold (ASX:MEK) observes mineralisation in all Margaret lode drill holes

Meeka Gold (ASX:MEK) observes mineralisation in every drill hole completed at its Murchison gold project in…