Neometals Finds Silver, Copper Mineralization in Western Australia Project, Shares Up 4%

MT Newswires Live03-26 08:39

Neometals (ASX:NMT) said it identified silver and copper mineralization during recent drilling at its Barrambie gold project in Western Australia, according to a Thursday Australian bourse filing.

The results were up to seven meters at 1.72% copper and 25.9 grams per tonne silver from 82 meters, including one meter at 5.06% copper and 88.2 grams per tonne silver.

The company said results enhance confidence in the continuity and metal tenor of the mineralized system, supporting ongoing drilling to test for extensions to primary mineralization.

Neometals will conduct a Dipole-Dipole Induced Polarisation (DDIP) survey to assess the extent of the primary copper-silver sulphide system at depth and along strike, with the survey scheduled to commence in April, the filing added.

The company's shares rose 4% in recent Thursday trade.

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