Business
Tribeca Resources drills copper-gold mineralization of 94m @ 0.34% copper from the base of shallow cover at its La Higuera IOCG project, Chile
(TheNewswire) February 23, 2023 – TheNewswire – Vancouver, BC - Tribeca R...
About this update from Tribeca Resources Corporation
[{"type":"text","content":"Tribeca Resources drills copper-gold mineralization of 94m @ 0.34% copper from the base of shallow cover at its La Higuera IOCG project, Chile\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n February 23, 2023 – TheNewswire – Vancouver, BC -\n \n \n Tribeca Resources Corporation (TSXV:TRBC)\n(“\n \n \n Tribeca\nResources\n \n \n ”, the “\n \n \n Company\n \n \n ”) is\npleased to report assay results from two further holes of the\nnine-hole drilling program recently completed at its La Higuera iron\noxide copper-gold (IOCG) project, located 40km north of La Serena, in\nthe Coquimbo region of northern Chile.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Drill hole GBY004 intersected\n \n \n 94m @ 0.34% copper, 0.07 g/t\ngold\n \n \n from the base of gravel cover at\n38m.\n \n \n \n \n \n \n Drill hole GBY005 intersected several copper-gold\nintervals (Table 1), including\n \n \n 20m @ 0.42% copper, 0.09 g/t gold\n \n \n from 270m\nwithin a 200m downhole interval of copper sulphide\nmineralization.\n \n \n \n \n \n \n Assay results are awaited from the two final holes of\nthis current program at the Gaby target (drill holes GBY006 and\nGBY007), which were drilled as large step-out holes to the north and\nare being geologically processed and analysed. Results from these\nholes, together with two additional holes completed at the Chirsposo\ntarget, 3km to the south, will be released in due course.\n \n \n \n \n \n \n The two holes reported here are consistent with the\npresence of an approximately 140m-wide NNW-trending sub-vertical zone\nof copper sulphide mineralization, comprising magnetite-related\nIOCG-style pyrite-chalcopyrite mineralization.\n \n \n \n \n Tribeca Resources CEO, Dr Paul Gow commented:\n \n \n \n \n “The two drill holes reported here\nconfirm the presence of a notable copper sulphide system at the Gaby\ntarget. Drill hole GBY004 was an 80m up-dip test from historic drill\nhole RCH-LH-07, which intersected 285m @ 0.4% copper., Importantly, it\ndemonstrates that elevated grades up to 0.8% copper are present in the\nweathered andesite immediately below the shallow gravel\ncover.”\n \n \n \n \n “We now await the results from the\ncompleted drill holes GBY006 and GBY007, which, together, are step-out\nholes located up to 500m to the...