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Nifty ore deposit showing promise as first drill hole finds major mineralisation

Published by
Global Mining Review,

Metals X Limited advise that its first major drill hole, currently 1 km down the Nifty ore deposit, has intercepted multiple zones of mineralisation over 30 m area.

The first hole, aimed at confirming the mine sequence stratigraphy as indicated by the recent geophysics, has confirmed significant copper mineralisation in what is considered to be the same mineralised limb currently being mined at Nifty.

Currently Metals X has set the objective of the drilling programme to step out and test the position of the mineralisation in the current mining areas. The completed drillhole is approximately 1 km east of the current mine workings, 700 m from the defined area of mineralisation.

As planned, this hole has intersected the northern section of the Nifty Syncline. A further hole will be drilled to target the syncline keel which is the key mineralised area of the Nifty ore system.

The northern section of the current mine has provided for more than 10 years of mining over a downward distance of only 600 m. The significance of such strong mineralisation in the first of the holes is encouraging to the firm, especially since the hole is only a 1 km step out. So far, drilling is continuing here.

Managing Director, Warren Hallam, said: “This is an exceptional and exciting result for Metals X as it clearly shows that mineralisation of Nifty continues down plunge well beyond the current orebody, further demonstrating our expectations that Nifty will become a very large long-life mine”.

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