Encounter Resources Ltd begins drilling at Millennium Zinc Prospect
Date
10/5/2016 2:35:35 AM
(MENAFN- ProactiveInvestors - Australia)
Encounter Resources Ltd (ASX:ENR) has commenced a diamond drilling program at the Millennium Zinc Prospect in the Yeneena Region of Western Australia.
Encounter is also planning to drill the Lookout Rocks Copper Prospect, Aria IOCG Prospect, BM1-BM7 Copper Prospect and the Telfer West Gold Project in the coming months.
The Millennium Zinc Prospect is located in the northeast of Yeneena and is subject to an earn-in agreement with Hampton Hill Mining NL (ASX:HHM).
The exploration at Millennium is currently funded 50:50 by Encounter and Hampton pursuant to an earn-in agreement where Hampton controls a 10% interest and can earn up to 25% of Millennium.
Previous diamond drilling at Millennium has identified two distinct styles of zinc sulphide mineralisation - ‘contact related"; and ‘shale hosted";.
The first hole will target an area down dip of a previous drill hole which ended in a weathered ironstone grading 18 metres at 1.1% Zinc from 148 metres.
The second hole planned will target the base of a shale unit 1 kilometre northwest of the first hole.
The 1,500-2,000 metres diamond drill program at Millennium will be co-funded up to $150,000 under the Western Australia Government Exploration Incentive Scheme.
A second diamond drill rig is due on site in mid-October 2016 to commence drilling at the Lookout Rocks South Copper and Aria IOCG prospects. <
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