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Rincon Resources (ASX: $RCR) intersects copper sulphides in first diamond hole

Rincon Resources (ASX: $RCR) announces successful copper mineralisation at West Arunta Project


Rincon Resources Limited (ASX: $RCR) has reported the successful interception of multiple zones of disseminated and blebby sulphide mineralisation, including indicative grades of up to 7.21% copper, in its first diamond hole at the Pokali Prospect within the West Arunta Project. The diamond core, drilled to a depth of 601m, is currently en route to Perth for further analysis, with results expected to be received from May 2024. The company has temporarily paused the drilling program due to adverse weather conditions but remains optimistic about resuming activities by the end of March or early April 2024.

Executive Commentary on Copper Sulphides Interception


Whilst these results are only indicative; it is nonetheless very pleasing to have our first diamond hole successfully intercept several zones containing elevated copper mineralisation between 133m and 551m, validating our models and demonstrating the potential for multiple enriched copper lodes. Based on current information, it is plausible to interpret Pokali North and Pokali East may link up along the northern side of the system; that's potentially over 4km of mineralised strike with multiple copper enriched zones. We now look forward to commencing the second diamond hole at Pokali East as well as the RC drilling program once we get back on the ground.

Summary of Rincon Resources' West Arunta Project Update


Rincon Resources' successful interception of copper sulphides in its first diamond hole at the Pokali Prospect within the West Arunta Project marks a significant milestone, with indicative grades of up to 7.21% copper. The company's temporary pause in the drilling program due to adverse weather conditions is expected to be resolved by the end of March or early April 2024, allowing for the continuation of activities. The potential linkage of Pokali North and Pokali East presents an opportunity for over 4km of mineralised strike with multiple copper enriched zones. Rincon Resources remains committed to advancing its assets through systematic exploration programs to test, discover, and delineate economic resources.

RINCON RESOURCES LIMITED
RCR | ASX | Materials
0.1450.01(+7.41%)
At close 05/07 (AEDT)
Market cap
$38.9M
Volume
12,036,311
DY Yield
0
PE Ratio
0
52 Week Range
0.023 - 0.16
1YR Return
N / A

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