Sandfire Resources (ASX: SFR) has reported further pollymetallic mineralisation intersections at the Sesmarias prospect, part of the Alvalade Joint Venture in Portugal.
HIGHLIGHTS:
- Drillhole SES24-054 intersected 41.2m at 1.59% Cu, 3.36% Zn, 1.71% Pb, 54.90 ppm Ag from 377.2 – 418.4m downhole
- Includes a higher-grade zone of 11.0m at 2.16% Cu, 7.90% Zn, 3.96% Pb and 113.24ppm Ag from 385.8 – 396.8m
- The target stratigraphic zone is interpreted to be over 1km in strike length
- The 2024 seven-hole program is designed to test mineralisation along strike and down dip from hole SES23-047, which returned high grade copper and zinc mineralisation. Sandfire Resources Limited (Sandfire or the Company) notes new assay results released by its joint venture partner, TSX-listed Avrupa Minerals Limited (Avrupa), from diamond drilling at the Sesmarias massive sulphide prospect within the Alvalade Joint Venture in Portugal (Alvalade JV). Results released recently by Avrupa include follow-up holes SES24-054 and SES024-053, 150m to the SE and a 50m down dip extension from SES23-047, respectively, that intersected:
- SES24-054 – 41.2m at 1.59% Cu, 3.36% Zn, 1.71% Pb, 54.90 ppm Ag from 377.2m depth including a higher grade zone of 11m at 2.16% Cu, 7.90% Zn, 3.96% Pb and 113.24ppm Ag from 385.8m
- SES24-053 – 9.2m at 0.40% Cu, 4.02% Zn, 2.09% Pb, 50.51 ppm Ag from 439.7m
Sandfire’s Chief Executive Officer and Managing Director, Brendan Harris said:
“These are encouraging drilling results from the Sesmarias prospect, and we plan to conduct further drilling to test the extent and continuity of the mineralisation.
“Our exploration team in Portugal and our JV partner, Avrupa continue to execute a high-quality exploration program which is indicating the potential for a significant mineralised system at Sesmarias while also enhancing our deep knowledge of the Iberian Pyrite Belt (IPB). The IPB has been a prolific producer of metal with mining dating back to at least ~3000BCE and we believe it remains prospective for new discoveries. Sandfire has a substantial portfolio of exploration tenure throughout the IPB in both Portugal and Spain.”
