Prospect Resources Commences Drilling Activities in Zambia
Australia Stock Exchange-listed mining and exploration company Prospect Resources has commenced drilling activities at the Mumbezhi Copper Project in Zambia.
By Patricia Rwafa
The maiden drilling program comprises approximately 30 holes of reverse circulation (RC) and diamond drilling for a total of approximately 7,000 meters. The program includes mineral resource definition and extensional growth drilling targeting the Nyungu Central deposit.
Recently validated data from historical drilling at Nyungu Central produced significant copper intersections, including:
– 140.0m @ 0.59% Cu from 51.0m
– 32.0m @ 0.87% Cu from 353.0m and 28.1m @ 0.79% Cu from 103.0m
– 20.0m @ 1.08% Cu from 27.0m
– 17.0m @ 1.03% Cu from 29.0m
– 11.0m @ 1.37% Cu from 134.0m, including 8.0m @ 1.58% Cu from 135.0m
3D modelling and interpretation have commenced on the Nyungu deposits in the southwest corner of the license, with the initial exploration focus on NNE-trending strike and width extensions. An Environmental and Social Impact Assessment (ESIA) reporting is also underway.
According to Prospect Managing Director and CEO, Sam Hosack,
“The commencement of Prospect’s maiden exploration drilling at Mumbezhi is an important milestone for our team, which now has boots firmly on the ground in Zambia. Our fully resourced exploration team will undertake an RC and diamond program targeting mineral resource definition and drilling activities at the large Nyungu Central deposit initially, which demonstrates clear strike and wide extensional opportunities, with exploratory work in other areas of the license.
Following an extensive review of all historical drill data purchased from Orpheus, we have validated several highly prospective drill targets at the Nyungu series of deposits and across the broader Mumbezhi license. Given the scale potential, we are boldly and systematically targeting these prospects with ongoing results to be incorporated into our rapidly developing resource modelling. With my full focus on Mumbezhi, I shall attentively support the exploration team on the ground and look forward to updating shareholders as we progress the drilling over the coming months.” Hosack concluded.