Initial assays from the inaugural reverse circulation (RC) drilling campaign of Resource Mining Corporation Ltd (ASX:RMI) at the highly prospective Mpanda Project in Tanzania have confirmed the presence of gold and copper.
Drilling was conducted at four prospects within the Mpanda Project area - Mpanda Ndogo, Stalike, Kabungu and Vikonge - and comprised 13 RC holes for a total of 723 metres.
The program was designed to test the geological and geochemical targets generated from the recently completed soil geochemistry and mapping programs.
Assays from eight drill holes included significant intercepts from the Kabungu Prospect of 4 metres at 2.5 g/t gold and 0.5% copper from 39 metres and 2 metres at 0.74 g/t gold from 47 metres.
The intercepts are part of a 2-kilometre geochemical anomaly that remains untested along strike.
Numerous anomalous copper values were recorded from drilling at the Mpanda, Ndogo and Stalike prospects, with 19 non-magmatic copper values ranging from 0.1% copper to 0.94% copper.
“Positive start to exploration”
“The maiden drilling program has provided a very positive start to the exploration works within this greenfields copper-gold area where no drilling has been recorded in the past,” RMC executive chairman Asimwe Kabunga said.
“Anomalous copper-gold values are present in all prospects and work will continue to define the epithermal source from which they are derived.”
Geological reviews and modelling has confirmed the form of the mineralisation. The company continues work to locate the potential areas of significant epithermal gold-copper enrichment.
A ground magnetic survey program is planned at the Kabungu Prospect with the intention of defining the structure hosting the mineralisation and aiding the upcoming drilling program.
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