Elysium Resources Ltd. said Aug. 7 that the recent phase-one drilling at the historical Lloyds copper mine within its larger Burraga project in New South Wales extended the project's copper mineralization.
The company completed five reverse circulation holes totaling 1,176 meters in July, and drilling discovered an eastern extension of mineralization at the Lloyds mine, extending the copper mineralization by at least 180 additional meters along strike from Lloyds' existing resource that extends over a 200-meter strike length.
Results include intercepts of 9 meters at 2.3% copper, 0.1% zinc and 12.4 g/t of silver from 197 meters and 20 meters at 0.8% copper, 0.1% zinc and 7.5 g/t of silver from 180 meters.
One of the five drill holes did not intersect any significant mineralization.
According to Elysium director Terence Clee, the company is planning a phase-two program to further define the extent of the project's ore body.