Exploration Updates:
- Results received for 6 trenches, 5 diamond drill holes and 5 reverse circulation (RC) drill holes.
- Significant new results include:
- TORC026 4.0m @ 0.32% Cu, 0.20g/t Au, 3.16% Zn from 38.0m
- MRSC02 8.0m @ 0.69% Cu, 0.23% Zn from 0m
- MRSC03 10.0m @ 0.65% Cu, 0.38% Zn from 0m
Locksley Resources Limited (ASX:LKY) advises that assay results have been received for 8 drill holes completed in September and October 2021 at the Tottenham Copper Project in central New South Wales. Results have also been received from 6 costeans collected to assess the tenor of a smelter slag dump at the Mount Royal Mine.
"I am pleased to report additional results for the last remaining drill holes from the 2021 drilling campaign at Tottenham."
Steve Woodham, Managing Director at Lockley Resources Ltd
Managing Director of Locksley, Steve Woodham, also commented:
"The Company expects a busy program for 2022 with the Tottenham resource calculation expected within weeks. Base case studies will commence soon after in order to be included in a scoping study.
Locksley are excited to follow up on the very encouraging drill targets that have been worked on during 2021, allowing for another year of well-targeted drill programs."
Carolina Deposit Diamond Drilling
TMD029 (318.7m)
This hole was drilled in late 2020 by private company Bacchus Resources Pty Ltd to test the down dip extent of the Carolina Deposit. Sampling of the main mineralised zone returned an intercept of:
0.95m @ 0.54g/t Au, 1g/t Ag, 1.20% Cu from 294.65m
It is currently thought that this hole passes to the south of the high-grade section of the deposit. This core has been recovered, and relogged to confirm the 2020 sampling. Additional sampling has occurred that has now defined 4 discrete sulphide zones. Additional sampling located a pyritic sulphide horizon that returned:
1.5m @ 0.21g/t Au, 0.34% Cu from 274.50m
Next Steps
All compiled data has been sent to an independent consultant to calculate a resource for the Mount Royal to Orange Plains and Carolina Deposits. Results of this work are expected in late January.
Multiple historic drill holes are present at the WB Clarke Geoscience Centre in western Sydney. This includes:
- 1 hole at the Bogan River Mine
- 3 holes at the Mount Royal Mine
- 1 hole at the Chris Watson Mine
- 1 hole at the Orange Plains Mine
- 1 hole at the Effies Ace Mine
- 7 holes at the Carolina Mine
View the full announcement here.
To keep up to date with what's happening with Locksley Resources and the copper industry as a whole, subscribe to the Locksley Chairman’s List.
