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Commencement of Drilling on Copper Target, Bolnisi
Commencement of Drilling on Copper Target, Bolnisi.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \nRNS Number : 0030C Noricum Gold Limited 23 June 2016 \n\nClick on or paste the following link into your web browser to view the associated PDF:\nhttp://www.rns-pdf.londonstockexchange.com/rns/0030C_-2016-6-22.pdf\n \nNoricum Gold Limited / EPIC: NMG / Sector: Natural Resources\n23 June 2016\nNoricum Gold Limited ('Noricum Gold' or 'the Company')\nCommencement of Drilling on Copper Target at Kvemo Bolnisi and Gold Drilling Update\n \nNoricum Gold Limited, the European focused base and precious metals resource development company, is pleased to announce that it has commenced a validation drilling programme focused on the copper mineralisation identified within the Kvemo Bolnisi East area. Kvemo Bolnisi East lies within the Kvemo Bolnisi target, one of 17 advanced targets that have been identified by the Company across the 861 km2 Bolnisi Project ('Bolnisi' or the 'Project') in the Republic of Georgia. The drilling programme is in line with the Company's strategy to assess, develop and produce copper ore from this location alongside the existing plan to mine secondary quartzite gold. This copper ore body sits adjacent to and extends underneath the secondary quartzite gold deposit currently being developed at Kvemo Bolnisi. \n \nHighlights\nAssessing Potential for Near Term Copper Production \n· The development of the geological model will potentially deliver an initial resource estimate \n· Initial drill hole has intersected massive sulphide zones with evidence of pyrite, chalcopyrite, bornite and covellite, as well as extensive zones of breccia with a predominantly sulphide matrix and disseminated copper ('Cu') sulphide mineralisation\n· Following this initial drilling, the Company anticipates conducting infill drilling to upgrade an initial resource to a mineable status\n· Historic drilling results highlight the high grade copper potential including:\no 40m at 2.11% CU from 69m (including 5m at 9.95% Cu)\no 83m at 0.71% Cu from 23m (including 15m at 1.17% Cu)\no 7m at 4.02% Cu from 39m \no 13m at 1.52% Cu from 2m\no Located adjacent to two anomalous adits: \n§ 11.6m at 1.90% Cu from 31m ending in mineralisation\n§ 11.4m at 2.47% Cu from 32m ending in minerali...