West Cobar Metals Limited (ASX:WC1) has reported substantial antimony-copper mineralisation at its 100%-owned Bulla Park Copper-Antimony Project, located 110km west of Cobar in New South Wales. Recent diamond drilling has confirmed a thick zone of mineralisation, providing further confidence in the potential for a major copper-antimony-silver deposit. The company's Managing Director, Matt Szwedzicki, expressed satisfaction with the results and announced plans for the next drill program to follow the deposit along strike.
Matt Szwedzicki, Managing Director of West Cobar Metals, commented, 'The Bulla Park project is shaping up to have potential for a major copper-antimony-silver deposit. The antimony content is exceptional, and with the global prices of antimony trading at nearly 2.5 times the price of copper, it is a good time to have drilled through a major intercept of antimony mineralisation. We are now planning the next drill program to follow the deposit along strike.'
West Cobar Metals' recent drilling at the Bulla Park Copper-Antimony Project has revealed significant antimony-copper mineralisation, indicating the potential for a major deposit. The company plans to conduct additional drilling to estimate a maiden antimony-copper mineral resource. The mineralisation, dominantly tetrahedrite and minor chalcopyrite and stibnite, has developed over several stages, with strong macroeconomic factors for antimony and copper. The project also shows potential for stratiform massive sulphide silver-zinc-lead mineralisation. With the global prices of antimony trading at nearly 2.5 times the price of copper, the company is optimistic about the project's prospects and aims to capitalize on the current market conditions.