Thanks yes - I missed that (part of ) the announcement...

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eastwest101

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12/02/24

19:18

Post #: 72366948
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Originally posted by nakhla: ↑

Sorry I may have posted under the wrong thread, they announced last week

6 February 2024
C29 Metals Limited ACN: 645 218 453
Suite 11, 23 Railway Road, Subiaco WA 6008 | T: +61 (8) 6559 1792 | E: [email protected] C29metals.com.au 1
▪ Maiden Mayfield drill programme completed.
▪ Best chalcopyrite interval observed-to-date
encountered in new drilling.

C29 Metals Limited (C29, or the Company) is pleased to provide an update on the Company’s
maiden Reverse Circulation (RC) drill programme at its 100% owned Mayfield Copper-Gold
Project (refer Figure 1) in the world class Mt Isa Inlier.
• Seven planned deep RC holes have been completed; 2488m drilled, rig demobilised.
• New hole MFRC008 returns visible chalcopyrite in vein concentrations to 10% at
shallow depths (<60m downhole).

MFRC008- Completed, drilled to 372m in altered intermediate volcanic intrusives. Collared and
concreted to 50m, at proximal location to abandoned MFRC005 & 6, where significant water
inflows had been encountered. Strong tenor vein chalcopyrite mineralisation was noted
between 53-58m downhole length, with true width not known, visually estimated to 10%
maximum, within a lower tenor disseminated and minor veined zones between 43-79m
downhole width. As with Hole MFRC007, the observed mineralization sat west of the main IP
anomalism being tested, with moderate albite red rock alteration.
Photo 1: Chalcopyrite-rich RC chips from mineralized zone, MFRC008

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Thanks yes - I missed that (part of ) the announcement completely:

Hole 8 looks OK - should be 2m of decent grade from 52-54m down-hole and the 56-57m interval looks fairly high grade although the chips may be a bit "selective" in their presentation in the chip trays, the interval from 54-56m downhole certainly has the red rock hematite alteration but not a lot of chalcopyrite there so waiting for the assays is the name of the game, especially as there might be some modest gold grades that go with the chalcopyrite. We don't know the true width yet, but the entire interval from 52-57m might bulk up to something economic, it's definitely open-pittable depths, these things are always variable in thickness, so might pinch out narrower or blow out to be wider in follow-up drilling.

C29 Price at posting: 7.8¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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