AUSTRALIAN firm Chrysalis Resources has intersected more and rich copper mineralisation at Wangolo Prospect in Solwezi in Northwestern Province.
The discovery is between Barrick Gold’s Lumwana Copper Mine and First Quantum Minerals (FQM)’s Kansanshi mine and falls within the Shikila Licence for copper project in Zambia by Chrysalis Resources.
According to Proactive Investors Australia, the highlights include four metres at 1.21 per cent copper, 4.5 metres at 1.38 per cent copper and 1.5 metres at 0.96 per cent copper.
The Wangolo Prospect was the subject of drilling in the 1960s which defined some copper mineralisation.
The new discovery at Wangolo has copper grades which are consistent with other copper mines in the area.
Chrysalis undertook drilling at the Wangolo Prospect in late 2012, and the latest results from holes drilled northwest of the thick crosscutting hydrothermal dolomite confirm the extension of the shallow northeast dipping contact mineralisation.
These results, which substantiate the earlier 1960s drill results, will be included in resource modelling to be undertaken during April/May 2013.
Further exploration of the two styles of Wangolo mineralisation will focus on extending the boundaries of the existing hydrothermal dolomite to the northeast and locating similar mineralised cross-cutting structures that are thought to be dyke-like.