Minerals 260 Reports Thick, Shallow high-grade Gold Intercepts

Minerals 260 (ASX: MI6)

Advised that further results from its ongoing drilling program at the Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia, continue to support an increase to the current 2.3 Moz Mineral Resource Estimate.

Assays have been received for a further 73 drill holes totalling 16,415m, including:
Bacchus Deposit (current resource 22Mt @ 1.3g/t Au for 890koz Au).

 

 

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	Minerals 260	ASX: MI6
	Stage	Exploration, development
	Metals	Gold
	Market cap	A$688m   @  A$0.32c
	Location	Western Australia
	Website	www.minerals260.com.au

 

 

 

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Minerals 260 Reports Thick, shallow high-grade intercepts to support Bullabulling resource upgrade

 

 

 

Minerals 260 Limited (ASX:MI6) is pleased to advise that further results from its ongoing drilling program at the Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia, continue to support an increase to the current 2.3Moz Mineral Resource Estimate (MRE).

Assays have been received for a further 73 drill holes totalling 16,415m, including:
Bacchus Deposit (current resource 22Mt @ 1.3g/t Au for 890koz Au).

 

Highlights

New results include 10m @ 7.0 g/t Au,
7m @ 8.8 g/t Au and 32m @ 1.6 g/t Au

Infill
• 6m @ 2.5 g/t Au from 88m, 16m @ 1.0 g/t from 260m and 12m @ 1.1 g/t from
288m in BBRC0199#
, including:
 1m @ 13.6 g/t Au from 88m
• 16m @ 1.2 g/t Au from 166m in BBRC0233*
• 19m @ 2.4 g/t Au from 153m in BBRC0235*, including:
 3m @ 9.5 g/t Au from 167m
• 13m @ 3.1g/t Au from 168m in BBRC0249*, including:
 3m @ 8.5g/t Au from 172m
• 8m @ 1.3g/t Au from 8m and 4m @ 5.7 g/t Au from 78m in BBRC0260#
• 7m @ 8.8 g/t Au from 135m and 8m @ 3.1 g/t Au from 220m in BBRC0263*,

* True widths of mineralisation are estimated at between 85% and 95% of the reported drillhole intercepts

 

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Management Comment

 

Minerals 260 Managing Director, Luke McFadyen, said: 

 

“Our infill and extensional drilling is consistently delivering strong results, with the latest thick and shallow higher-grade intercepts providing further support for a MRE upgrade in December.

 

“Our development studies are advancing rapidly, and the recent completion of geotechnical and metallurgical drilling for the PFS and the commencement of metallurgical test work represents a significant value-adding and de-risking event for the Project”

 

To read the full news release please click HERE

 

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Disclosure

At the time of writing the author holds shares in Minerals 260

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