GGY 2.41% 8.1¢ glengarry resources limited

massive copper results to be released

  1. 10,214 Posts.
    A recently completed drilling program on the existing inferred copper resource returned the best ever
    intersection reported at Maitland of 57 metres @ 2.58% copper from 75 metres (including 12 metres
    @ 6.39% copper from 105 metres) and an updated indicated resource is currently being calculated.
    High grade molybdenum (up to 6 metres @ 0.49%) which has the potential to enhance the economics
    of a future operation has also been intersected at Maitland.In a separate program, a line of 7 shallow drill holes (average depth 18 metres) spaced 50 metres apart
    was drilled across the alluvial flats approximately 1.3 kilometres south of the known mineralisation at
    Maitland (Figure 2). The alluvial flats comprise transported sediments approximately 6 metres thick
    which obscure the prospective bedrock. Auger sampling carried out in the 1960s indicated anomalous
    copper values at the interface between the transported sediments and bedrock. This anomalism was
    confirmed by Glengarry’s recent drilling which intersected up to 503 ppm copper. Anomalous silver
    (up to 0.9 ppm), lead (up to 203 ppm) and antimony (up to 229 ppm) were also recorded by the drill
    hole immediately west of the anomalous copper zone. Elevated metal values were recorded by 3
    adjacent holes which define a 150 metre wide anomalous zone that may represent the halo to base
    metal mineralisation at depth. The anomalous zone is open along strike and additional shallow drilling
    will be carried out to define the extents of this new target area.
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