EVR reports further high-grade Cu-Mo-Ag drill results from Parag Project, Peru
Project Name: Parag Project
Project Location: Peru
Project Stage: Advanced Exploration
ProjectBank Summary:
EV Resources Limited (ASX: EVR) has announced further high-grade drill results from the Parag Project in Peru. Significant copper (Cu), molybdenum (Mo), and silver (Ag) mineralization was intersected in the breccia, surrounding porphyry intrusive, and hornfels in Holes APG-DDH-004, APG-DDH-005, and APG-DDH-007. These results add to the scale of mineralization at Trinchera Este, with the highest grades observed at Hole APG-DDH-005, which included 148m at 0.54% Cu, 0.35% Mo, and 8.87g/t Ag from 0.2m.
EV Resources Highlights:
Hole APG-DDH-005 at Parag assayed:
148m at 0.54% Cu, 0.35% Mo, and 8.87g/t Ag from 0.2m
120m grading 0.62 % Cu, 0.43 % Mo and 10.45 g/t Ag from 0.2 to 120.2m
100m grading 0.70 % Cu, 0.39 % Mo and 11.65 g/t Ag from 0.2 to 100.2m
40m grading 1.15 % Cu, 0.35 % Mo and 19.62 g/t Ag from 8.2 to 48.2m
22m grading 1.42 % Cu, 0.35 % Mo and 20.52 g/t Ag from 8.2 to 30.2m
Hole APG-DDH-007 at Parag assayed:
180m at 0.31% Cu, 0.09% Mo and 4.20g/t Ag from surface
58m grading 0.78 % Cu, 0.27 % Mo and 11.12 g/t Ag from 0 to 58m
36m grading 1.08 % Cu, 0.36 % Mo and 15.61 g/t Ag from 0 to 36m
30m grading 1.18 % Cu, 0.39 % Mo and 17.05 g/t Ag from 0 to 30m
Hole APG-DDH-004 at Parag assayed:
62m at 0.36% Cu, 0.03% Mo and 5.98g/t Ag from 1.7 m.
50m grading 0.43 % Cu, 0.03 % Mo and 7.12 g/t Ag from 1.7 to 51.7m
26m grading 0.74 % Cu, 0.06 % Mo and 12.75 g/t Ag from 1.7 to 27.7 m
20m grading 0.92 % Cu, 0.08 % Mo and 16.10 g/t Ag from 1.7 to 21.7m
MD/CEO Statement: Hugh Callaghan, Managing Director of EVR, commented: "The successful drill campaign at Trinchera Este highlighted high-grade copper-molybdenum-silver mineralization in both the polymictic breccia and in the surrounding intrusive porphyry and hornfels – similar to the analysis of old drill core at the Paylacocha 1 breccia system nearly 1200 metres to the West. This supports our view that the Parag porphyry system is potentially large. The geophysics programme commencing this week will help us understand the system better and guide further drilling programmes."
