S32 4.82% $3.70 south32 limited

Trilogy - Bornite, page-4

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    The 2021 Arctic drill program included 4,131 meters of diamond drilling, comprising 18 holes, that were designed to convert part of the resources from the Indicated category to the Measured category, and provide material for metallurgical testing and geotechnical information. The assay results detailed here are for the remaining nine infill/metallurgical drill holes from the 2021 summer field season.

    Significant highlights from the remaining nine drill holes from the 2021 Arctic program

    Based on a cut-off grade of 0.5% copper equivalent, significant zones of high-grade copper, zinc, lead, gold, and silver mineralization were intersected, including:

    • Hole AR21-0190 intersected six mineralized intervals, including
      • 19.50 meters of 4.75% copper, 7.83% zinc, 2.04% lead, 1.12 g/t gold and 87.93 g/t silver for a copper equivalent grade of 9.81%;
      • 13.89 meters of 3.46% copper, 2.86% zinc, 0.10% lead, 0.26 g/t gold and 25.65 g/t silver for a copper equivalent grade of 4.94%;and
      • 2.08 meters of 10.18% copper, 9.46% zinc, 1.53% lead, 4.51 g/t gold and 138.92 g/t silver for a copper equivalent grade of 18.26%.
    • Hole AR21-0189 intersected two mineralized intervals, including10.42 meters of 6.78% copper, 13.14% zinc, 2.36% lead, 0.42 g/t gold and 102.65 g/t silver for a copper equivalent grade of 13.58%.
    • Hole AR21-0187 intersected three mineralized intervals, including6.83 meters of 6.57% copper, 9.69% zinc, 1.58% lead, 0.78 g/t gold and 86.95 g/t silver for a copper equivalent grade of 11.93%.
    • Hole AR21-0186 intersected seven mineralized intervals, including
      • 21.18 meters of 2.74% copper, 3.45% zinc, 0.89% lead, 0.88 g/t gold and 45.02 g/t silver for a copper equivalent grade of 5.26%;
      • 10.07 meters of 3.53% copper, 2.31% zinc, 0.38% lead, 0.59 g/t gold and 59.40 g/t silver for a copper equivalent grade of 5.41%;and
      • 6.68 meters of 3.18% copper, 3.24% zinc, 0.78% lead, 0.65 g/t gold and 68.99 g/t silver for a copper equivalent grade of 5.66%.
    • Hole AR21-0183 intersected three mineralized intervals, including7.10 meters of 7.10% copper, 6.51% zinc, 0.38% lead, 0.19 g/t gold and 54.97 g/t silver for a copper equivalent grade of 10.23%.
    • Hole AR21-0180 intersected eight mineralized intervals, including
      • 8.90 meters of 2.20% copper, 2.55% zinc, 0.46% lead, 0.39 g/t gold and 34.61 g/t silver for a copper equivalent grade of 3.84%;and
      • 7.07 meters of 2.38% copper, 1.27% zinc, 0.24% lead, 0.09 g/t gold and 18.28 g/t silver for a copper equivalent grade of 3.15%.
    • Hole AR21-0178 intersected six mineralized intervals, including4.60 meters of 3.53% copper, 1.37% zinc, 0.10% lead, 0.13 g/t gold and 18.33 g/t silver for a copper equivalent grade of 4.31%.
    • Hole AR21-0185 intersected four mineralized intervals, including7.47 meters of 4.28% copper, 6.71% zinc, 1.26% lead, 0.37 g/t gold and 58.17 g/t silver for a copper equivalent grade of 7.92%.
    • Assay results for the first 176.94 meters from drill hole AR21-0176 were made public onNovember 29, 2022. The remaining assay results for this hole include12.41 meters of 2.88% copper, 3.29% zinc, 0.88% lead, 0.61 g/t gold and 53.96 g/t silver for a copper equivalent grade of 5.25%.

    All reported intervals are thought to be close to the true width and therefore represent the actual thickness of mineralization.

    Tony Giardini, President and CEO of Trilogy, commented, "These latest drilling results serve to reinforce that the Arctic deposit is truly unique given the very high grades and consistency of mineralization within the metalliferous horizons. All nine holes in this press release have exceptional high grades of not only copper but also zinc, lead, silver and gold. The polymetallic nature of the Arctic deposit, and the exploration upside in the surrounding 181,000-hectare land package, truly makes this an exceptional project which, we believe, has the potential to play a significant role in supplyingthe United Stateseconomy with a domestic stable, environmentally safe supply of critical and green metals for many years."

    Many thanks to RBR who attached this Trilogy release to the loan page. I reproduce here to deepen our knowledge and keep comments together.


    https://www.prnewswire.com/news-releases/trilogy-announces-additional-high-grade-results-from-the-2021-infill-drill-program-at-the-arctic-project-301528792.html


    These results are STUNNING! Look at the diagrams in the release. Sitting right on top of the orebody for easy access is a 10% CuEq zone - very early returns are always welcome.

    This has the makings of a great asset for the S32 and Trilogy JV.

    Operating in this cold, isolated location wont be easy, but I suppose Aussie miners are used to working in hot, isolated locations and this is merely the obverse.

    Anyone want to hazard a guess on time to first production?

    Ash
    Last edited by Ashentegra: 21/04/22
 
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