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T2 Metals Intersects Intense Alteration and Porphyritic Dyke in Drilling at the Lida Copper - Silver - Gold Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - February 16, 2023) - T2 Metals Corp. (TSXV: TWO) ...
About this update from T2 Metals Corp
[{"type":"text","content":"T2 Metals Intersects Intense Alteration and Porphyritic Dyke in Drilling at the Lida Copper - Silver - Gold Project, NevadaVancouver, British Columbia--(Newsfile Corp. - February 16, 2023) - T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) (WKN: A2DR6E) (\"T2\" or the \"Company\") is pleased to provide an update from drilling at the Lida copper - silver - gold project on the Walker Lane Belt in south-central Esmeralda County, Nevada. Two holes spaced approximately 900 m apart for a total of 884 m were completed in the program, both testing high chargeability anomalies identified in an induced polarization (\"IP\") survey in 2022. Both drill holes intersected sulfide-bearing hydrothermal alteration with one hole encountering a porphyritic intrusive. HighlightsTwo holes completed at Lida, both intersecting altered and veined sequences of sedimentary rocks;Quartz-feldspar porphyritic intrusive intersected in one hole with pyrite veining and dissemination;Intense silica alteration zone with chalcocite (copper sulfide) associated with high resistivity intersected over a 900 m strike length;Drill samples have been submitted to a laboratory in Nevada, results released as they become available;Additional drill targets now being identified;Drill core and surface samples will be available at the PDAC conference Booth #2941;Both drill holes intersected a mixed sequence of siliclastic sediments with lesser carbonate/limestone beneath a locally developed intermediate volcanic unit. The siliciclastic sediments display regular quartz-carbonate-pyrite-chlorite vein development with bleached and chloritic haloes, often associated with disseminated pyrite (Figure 1), that may correspond to the outer margin of a porphyry style hydrothermal system. Hole LD22001 intersected a porphyritic quartz-feldspar intrusive from 148.7m for approximately 20m. The intrusive is characterized by quartz phenocrysts up to 5mm in size, with regular cross cutting quartz-pyrite veins and disseminated intervals of pyrite (Figure 2). The intrusive and alteration assemblage together provide evidence of the potential proximity of a larger mineralized porphyry that may be the source of the extensive surface copper mineralization at Lida.Of particular significance, both holes intersected a highly altered/silicified interval interpreted to be an altered intrusive or clastic unit. I...