Assay results for the maiden drill program for Fraser Range Metals group have been received for their project in the Fraser Range Belt. A total of four reverse circulation drill holes were completed, with a drilling program targeting electromagnetic conductors over a nickel copper target area.
24m @ 0.08% Cu from 144m, including 12m @0.09% Cu from 152m (FRMRC002)
3m @ 0.13% Cu from 172m (FRMRC003)
These highlights both had elevated gold values, with FRMRC002 showing a higher gold PPM.
Executive Director of Fraser Range Metals Group Matthew Banks said ”We are encouraged by the first assay results from our maiden drilling programme at the Fraser Range Project. The anomalous copper intersections were coincident with disseminated sulphides observed in the RC chips, and aligned with the modelled EM conductors, particularly in hole FRMRC002, which may indicated they are part of a larger mineralised system”.
Fraser Range Metals tenements are south of the Trans Australian Railway and lie alongside tenements held by Independence Group, Legend Mining, Creasy Mining and Galileo Mining. The company also intends to undertake further studies and assays to model the area for future exploration.