Errol has always talked a good talk, but this new Boksputs...

Errol has always talked a good talk, but this new Boksputs prospect looks very promising as a VMS and I see ORN have applied for a new prospecting licence to the north as the prospect close to their current licence limits. Extract below - bold is my emphasis;

“The project that has really caught our attention is Boksputs, which fits the latter category. It was originally drilled by Anglo American back in 1973 and yielded some promising copper intercepts, despite patchy information being available. We know that it sits within a large syncline, has outcropping mineralisation, historical intercepts and EM anomalies over a massive area of 3km by 1km, and exhibits all the lithologies and characteristics of a very large VMS system.

“Our first diamond drill hole, targeting a 400 Siemens EM conductor at one end of the syncline, has intersected multiple zones of copper-bearing sulphide mineralisation associated with chloritization and magnetite. The hole is still in progress, but the evidence we are seeing from the drill core is that we are in a very big VMS system – which really excites us.

“Based on the encouraging results so far, we intend to substantially accelerate exploration at Boksputs, including a further deep diamond drill hole to test a strong 3000S EM conductor 3km to the north at the other end of the syncline, along with surface EM and RC drilling across the entire strike length of the structure.