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Possible first commercial copper/gold mine for Broken Hill

Silver City Minerals (ASX: SCI) released an ASX announcement this morning stating that it will begin a 2,600 meter drilling program to test the Copper Blow Project at Broken Hill.

There are strong signs that Copper Blow could be the first copper/gold mine on the NSW side of Broken Hill as historic holes have uncovered significant intersections including:

  • 11.8 metres at 6.7% Cu, 1.92 g/t Au from 182.9m
  • 15 metres at 2.7% Cu, 0.53 g/t Au from 133.4m
  • 19.2 metres at 1.8% Cu from 234m

The company determined no systematic follow up drilling was undertaken by previous explorers to assess high grade copper-gold deposits.

Rock chip sampling concluded that in addition to copper and gold, there is also potential for cobalt, silver, molybdenum and rare earths.

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