Rincon Resources Finds Anomalous Copper Zones at Pokali Prospect

MT Newswires Live07-30

Rincon Resources (ASX:RCR) said that it has encountered zones of anomalous copper mineralization at the Pokali prospect despite failing to intersect high-grade copper mineralization.

Reverse circulation and diamond drilling at Pokali, within the West Arunta project in Western Australia, returned intercepts that include 1 meter at 0.51% copper and 4 meters at 0.39% copper, according to a Tuesday filing with the Australian bourse.

Geochemical analysis established zoned alteration and trace element signatures at Pokali East and Pokali North, which are indicative of iron oxide-copper-gold systems.

The company is planning to conduct an airborne magnetic survey in the coming weeks to provide greater lithological and structural interpretation.

Shares of Rincon Resources were down 34% Tuesday.

Price (AUD): $0.05, Change: $-0.03, Percent Change: -33.77%

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