Wmc In Copper-gold Find

The Age

Friday December 13, 1991

BARRY FitzGERALD

Western Mining Corporation and Hunter Resources have made an encouraging copper-gold discovery at their Mount Fort Constantine joint venture, 40 kilometres north of Cloncurry in north-west Queensland.

WMC, which is earning a 70 per cent interest in the joint venture from Hunter, said yesterday that drilling had intersected encouraging primary and secondary copper-gold mineralisation.

A limited diamond-drilling program at the Ernest Henry prospect on the joint venture tenements intersected wide copper-gold mineralisation in three of four holes completed.

Hole FTCD2 intersected 114.2 metres of primary mineralisation from 120.5-234.7 metres which graded 1.7 per cent copper and 0.9 grams of gold a tonne.

Hole FTCD3, 150 metres to the south, intersected 84.1 metres of primary mineralisation from 120.3-204.4 metres grading 1.5 per cent copper and 0.7 grams of gold a tonne.

Assays are not yet available from a fourth hole drilled 250 metres north of the second hole. Good results from that hole will significantly expand the resource potential.

WMC said the geometry of the mineralised zones had not clearly been established at this early stage of the work program.

The Ernest Henry prospect is located on of six mining leases held by Savage Exploration that are the subject of an option agreement between the joint venture and Savage.

Drilling has been suspended for the wet season and will restart early next year.

© 1991 The Age

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