CANBERRA (Scrap Monster): Chinalco Yunnan Copper Resources Ltd has discovery a new copper-gold zone at Jubilee and made a further confirmation of a potentially large mineralized system at Millenium. The Millenium prospect is Chinalco Yunnan Copper Resources’ major drill target for 2014. The prospects are at the Mt Isa region in Queensland
They explored a significant zone of high grade primary copper sulphide and gold at Jubilee. The discovery highlighted with a 4 meter at 4.29 percent copper, .17 g/t gold intersection from 80 meters, which also includes 1 meter at 10.7% copper and 1.37 g/t gold.
It also found out a wide and strong anomalous zone of around 50 to 60 meters which includes 5 meters 0.98% copper, 0.5g/t gold and 5 g/t silver and this added a further confirmation on the existence of high end mineralization at Millenium prospects.
These exploration results provide validation of the CYU model at Blue Caesar that mineralization of primary copper sulphate extends to the north of prior drilling process. In addition of these findings, it also found out reconnaissance rock chip assays up to 20% copper, 1.7g/t gold and 3.2g/t silver at the King Solomon project.
Further exploration would be done in these key targets regions in the next few months.