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Be the first with the news that moves the market- GreenTech Metals (GRE) reveals a maiden inferred mineral resource estimate (MRE) for the Ayshia deposit, within the Whundo copper project in WA
- The deposit’s MRE stands at 920,000 tonnes at 1.3 per cent copper 2.3 per cent zinc, 0.1 per cent lead, 0.2g/t gold and 12g/t silver for 33,000 tonnes of contained metal
- The maiden resource has effectively increased the broader Whundo project’s resources from 2.7 to 3.6 million tonnes and the total metal content by 54 per cent
- GreenTech flagged the Ayshia resource is based on historical drilling so once results from a recent 32-hole program has been received, the MRE may be increased
- GRE shares are up 5.71 per cent and trading at 18.5 cents
GreenTech Metals (GRE) has announced a maiden inferred mineral resource estimate (MRE) for the Ayshia deposit which is part of the Whundo copper project in WA.
The Ayshia Copper-Zinc Deposit has an MRE of 920,000 tonnes at 1.3 per cent copper, 2.3 per cent zinc, 0.1 per cent lead, 0.2g/t gold and 12g/t silver for 33,000 tonnes of copper and zinc metal.
As a result, the Whundo Copper Project’s total resources have increased by one-third from 2.7 million tonnes to 3.6 million tonnes and the total metal content by 54 per cent to around 93,000 tonnes of copper and zinc metal.
GreenTech prefaced the Ayshia MRE is based on historical results and said the above estimates don’t include pending results from a recent drilling program.
The most recent drilling was undertaken in the March quarter and totalled 32 holes, for roughly 4900 metres, across Whundo and Ayshia.
“[We are] pleased to announce another significant copper and zinc resource at Ayshia based on historical drilling which is being confirmed by the recently completed drilling campaign,” Executive Director Thomas Reddicliffe said.
“We expect further increases to the combined resource at Whundo after we receive and
assess assay results from our recent reverse circulation drilling program.”
GRE shares were up 5.71 per cent and trading at 18.5 cents at 2:06 pm AEST.
