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Collective Mining Discovers Plutus, a New Major Porphyry Centre Located Five Hundred Metres East of the Apollo Porphyry System
Collective Mining Discovers Plutus, a New Major Porphyry Centre Located Five Hundred Metres East ...
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[{"type":"text","content":"\n \n \n \n Collective Mining Discovers Plutus, a New Major Porphyry Centre Located Five Hundred Metres East of the Apollo Porphyry System\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Exploration fieldwork has discovered a new porphyry target located five hundred metres east of the high-grade Apollo Porphyry Deposit and referred to as the Plutus Porphyry Centre (\"Plutus\").\n \n \n \n \n \n \n To date, Plutus\n \n \n covers 1,000 metres by 720 metres in area and hosts multiple mineralization styles including porphyry veining, porphyry related breccia mineralization and late-stage carbonate base metal ('CBM\") veins.\n \n \n \n \n \n \n Within Plutus are two areas of interest:\n \n \n \n \n \n A 650-metre diameter quartz diorite porphyry which is coincidental with a magnetic high and overprinted by high-grade copper and molybdenum soil anomalies averaging greater than 300 ppm for copper and greater than 30 ppm for molybdenum.\n \n \n The porphyry intrusive hosts areas of vein stockwork which include magnetite and quartz veining plus molybdenite and chalcopyrite.\n \n \n \n \n Anchoring the porphyry on its north-western flank are hydrothermal breccia bodies including the previously sparsely drilled Donut Breccia discovery with intercepts from surface including 163 metres @ 1.3 g/t AuEq and 104 metres @ 1.3 g/t AuEq.\n \n \n \n \n \n \n \n Reconnaissance rock chip and shallow auger sampling of oxidized (leached) surface material at Plutus has yielded the following results:\n \n \n \n \n \n Gold values up to 4.90 g/t (range of 0.03 g/t to 4.90 g/t);\n \n \n \n \n Silver values up to 100 g/t (range of 0.10 g/t to 100 g/t);\n \n \n \n \n Copper rock chip values up to 1,482 ppm (56 ppm to 1,482 ppm);\n \n \n \n \n Molybdenum rock chip values up to 113 ppm (0.2 ppm to 113 ppm)\n \n \n \n \n \n \n \n Drilling is expected to commence at Plutus in\n \n August 2023\n \n . Four rigs are now operating at the project with eleven holes currently in the lab for analysis.  Addit...