Australia-listed FireFly Metals, formerly AuTECO Minerals, has reported “outstanding” high-grade copper and gold assays from its first drilling programme at the Green Bay project, in Canada.
As well as demonstrating high grades over significant widths, the results are considered particularly important because they extend the known VMS mineralisation by 350 m, taking it well beyond the boundary of the current resource, which stands at 39.2-million tonnes at 2.1% for 811 000 t copper-equivalent.
Grades of up to 19.4% copper-equivalent were returned, with notable intersections including 46.4 m at 5.6% copper-equivalent (4.6% copper, 1.2 g/t gold) and 17.8 m at 6.6% copper-equivalent (4.4% copper, 2.2g/t gold).
Drilling also intersected a precious metals-enriched VMS zone at Ming South within Green Bay. This returned an intersection of 14.7 m at 2.6% copper, 5.5g/t gold and 24.2 g/t silver.
“To extend the known mineralisation by 350 m with such wide, high-grade intersections in our first drilling programme speaks volumes about the project’s exceptional quality and immense upside,” says MD Steve Parsons.
He adds that the assays support FireFly’s view that Green Bay is an “exceptional asset with huge growth potential”.
The company is set to accelerate its resource growth strategy with the start of underground drilling. A second diamond rig has arrived on site.