FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Rincon Receives Approval for Mammoth Drilling to Commence

4 September 2023 12:12
ASX:RCR
Feature

Rincon Resources (ASX:RCR) have been granted heritage clearance for the Mammoth target in its South Telfer Project in the Paterson Range, Western Australia, with a drilling contractor locked in for site works to begin in mid-September.

The Mammoth Target Program

The reverse circulation (RC) drilling program, comprising up to 3,000 metres, will test the Mammoth target for intrusions related Telfer-style stockwork and breccia hosted copper-gold mineralisation.

The Company estimates that the program should take between two to three weeks, with results anticipated between four to six weeks following the completion of the drilling.

null

Figure 1: South Telfer Project map showing location of Mammoth

The Mammoth target is Rincon’s largest and highest-priority of its three intrusive related targets (Mammoth, Brolga and Hawk-Eye). The Company identified these targets through delineation along the prospective Telfer-Westin Trend, with Mammoth located about 35km southeast along trend from the world-class Telfer Gold Mine, which has reported significant results larger than 32Moz Au3.

The Company reports the modelled mafic intrusive body at Mammoth is shallow, with the top of the body starting at about 85 metre below the surface. The surface expression is about 1,700 metres in length and up to 500 metres in width with the model also suggesting the body extended to at least 1,100 metres vertically below surface and plunging approximately 1,300 metres towards the southeast.

null

Figure 2: 3D model of the Mammoth target body (mafic intrusive) relative to the high-grade gold mineralisation at Westin.

Following in Westin’s Historic Footsteps

The Mammoth target is located 700 metres northeast of the prospective Westin Prospect in South Telfer Project, where high grade gold mineralisation was historically reported in drill hole WSA08039, intersecting 8m @ 3.85g/t Au2 from 84m including 4m @ 6.9g/t Au from 88m.

Rincon’s current RC drilling program will also test this historic prospect in hopes of returning similar results.

The Company intends to extend its exploration efforts to its two additional 100% owned exploration assets in Western Australia, with these assets being highly prospective for gold, copper, rare-earth elements, and associated critical minerals. These properties encompass the Laverton Project and the Kiwirrkurra Project.

RCR’s Australian Stock Exchange-listed share price is currently trading at 3.5 cents (12pm UTC+ 8 hours).

The Market Bull Logo

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!

Share This