Drake Resources Intensifies Norwegian Copper, Zinc and Gold Mining Programmes

- Leadership - Jul 03, 2014

Australian-listed mineral exploration specialist Drake Resources has announced promising progress in its central Norwegian projects involving the drilling for copper, zinc and gold.

It has concluded drilling with its joint venture partner Panoramic Resources at the Nordgruva Copper Zinc prospect. The single 456m drill hole targeted two significant, strong off-hole conductors identified from drilling and down hole EM 2013 (shown in map above).

A visual log has identified lenses of disseminated sulphide mineralisation ranging from a few centimetres up to two metres wide at several locations throughout the 50m wide target zone. The mining company expects to reveal more by the end of July.

Drake also announced that drilling has commenced at Løkken, another JV with Panoramic Resources. The 900m diamond drill program will target five anomalies that could represent massive copper sulphides north south and west of the old Løkken copper mine. Results are expected in August.

A third in central Norway, the Seimana Gold Project, is at the halfway stage of drilling. The 1,500 metre programme is targeting seven significant gold anomalies which were brought to light from recent field studies.

Drake’s CEO Jason Stirbinskis, said: “Our field Geologists have noted significant widths of quartz veining and vein clusters in the RC drilling similar to surface mapping observations during our Q1 field programs, we eagerly look forward to assay results in late July.”

More information on all of Drake’s Norwegian projects can be found at: http://www.drakeresources.com.au/norway.html

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