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Home Investors ASX Announcements Three Ways Project: Drilling Update
Three Ways Project: Drilling Update
Proof of concept drill tests on three separate high conductivity targets have been completed on Three Ways. All three drill holes TWD2103, TWD2104 and TWD2105 intersected strong stratigraphic controlled iron sulphides within quartz-rich and some graphitic sedimentary sequences that explained the conductivity anomalies.
Although traces of structure controlled iron and copper sulphide minerals were observed in TWD2104 and TWD2105, no economically significant intervals of copper, nickel or lead-zinc mineralisation are visible in any of the holes. Cores in TWD2105 revealed extensive silica-biotite alteration the significance of which remains to be resolved. Detailed logging and sampling are underway. Assays for base metals, gold, cobalt and other trace elements are pending.
This three hole program was funded by OZ Minerals (ASX: OZL) under the terms of the Greenfields Discovery Alliance.