- Metals Australia (MLS) secures a diamond drilling rig to kick off a fresh drilling program at its flagship Manindi project in Western Australia
- The rig will be used to follow up on mineralisation intersected at the Kultarr zinc-copper prospect within the project area
- MLS plans to test depth extensions of high-grade zinc mineralisation intersected at the prospect and secure samples from below previous lithium-rubidium intersections
- The samples will then be used for mineralogical and metallurgical test work ahead of an initial mineral resource estimate for the project
- Metals Australia last traded at 5.7 cents on June 10
Metals Australia (MLS) has secured a diamond drilling rig to follow up on mineralisation found at the Kultarr zinc-copper prospect within its Manindi project in Western Australia.
The company said it planned to test depth extensions of the high-grade zinc mineralisation at the prospect and secure samples from the Foundation pegmatite below previous lithium-rubidium intersections.
MLS previously intersected up to 68 metres at 3.09 per cent zinc, 0.2 per cent copper, and 2.33 grams of silver per tonne (g/t silver) from 89 metres at the site. This result extended the high-grade zinc mineralisation at the Kowarri prospect down-plunge to the west of previous intersections.
Metals Australia Chairman Mike Scivolo said Manindi was an “outstanding” battery metals project with high-grade resource potential.
“We’ve been able to secure a diamond drilling rig at short notice that will now allow us to follow up the recent exceptional intersection of high-grade zinc mineralisation and potentially extend the high-grade zinc resources at the project,” Mike Scivolo said.
“In addition, we will diamond drill test extensions of the thick and high-grade Foundation lithium pegmatite, which will provide samples for very important mineralogical and metallurgical testwork as a prelude to initial JORC 2012 mineral resource estimates for the project.”
Metals Australia last traded at 5.7 cents on June 10.