Oxiana has completed an in-fill and extension drilling programme at the Khanong copper deposit as part of the Copper Bankable Feasibility Study (BFS). The Khanong deposit is a near surface high grade supergene chalcocite and oxide copper resource.
RESULTS
Assay results have been received from a further 33 holes, KHN 213 to KHN 245. These holes were drilled to infill through the core of the deposit and to test for possible extensions along the northern margins of the orebody (Figure 1). Better intercepts ()2% Cu) include:
HOLE EASTING NORTHING INTERCEPT DEPTH METCODE NO FROM KHN213 608147 1875751 18m 4.6% Cu 39 metres CC KHN214 608099 1875853 35m 7.2% Cu 43 metres CuO KHN215 608104 1875802 9m 2.1% Cu 47 metres CC KHN216 608201 1875836 31m 4.5% Cu 20 metres CC KHN217 608202 1875897 52m 8.5% Cu 21 metres CC,CuO KHN218 608261 1875912 33m 7.9% Cu 25 metres CC KHN219 608299 1875798 29m 4.3% Cu 10 metres CC KHN220 608300 1875851 33m 7.5% Cu 13 metres CC,PR KHN221 608303 1875973 27m 7.2% Cu 28 metres CC KHN222 608319 1876028 38m 6.9% Cu 5 metres CC,CuO KHN224 608528 1876075 63m 6.5% Cu 14 metres CC KHN225 608499 1876122 48m 5.1% Cu 36 metres CC,CuO KHN226 608401 1876095 16m 8.1% Cu 54 metres CC,CuO KHN227 608544 1876162 31m 3.2% Cu 55 metres CC,PR KHN228 608499 1876202 5m 2.3% Cu 70 metres PR KHN230 608396 1876194 5m 2.7% Cu 52 metres CuO KHN236 607700 1875643 14m 6.6% Cu 35 metres CC KHN237 607700 1875695 42m 13.3% Cu 31 metres CuO KHN243 607599 1875644 37m 2.1% Cu 24 metres CC KHN244 607930 1875794 17m 5.5% Cu 21 metres CC,CuO
Note: sample interval is 1 metre; intercepts are weighted averages calculated using a 0.5% copper cut-off grade; maximum internal waste is 2 metres; metcode CC _ chalcocite, CuO _ copper oxide, PR _ primary; all holes are vertical.
Full results will be published when all assays are received. A revised resource estimate will then be completed.
O L Hegarty MANAGING DIRECTOR
Note: Within this statement references to resources and exploration results have been approved for release by Tony Manini B.Sc (Hons), F.Aus.IMM who has more than five years experience in the field of activity concerned.
A copy of the full announcement including diagram is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.
ends - AAP
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