Syndicated Metals unearths new 900m long copper, gold trend near Kalman in Mt Isa

Syndicated Metals (ASX: SMD) has discovered consistent high grade copper-gold mineralisation over 900 metres of strike from rock chip sampling along the Pindora Fault, 5 kilometres to the southeast of the Kalman deposit located in the Mount Isa region of Northwest Queensland.
The Kalman deposit is an advanced molybdenum-rhenium and copper-gold deposit covering 700 square kilometres in the mineral-rich Mt Isa region.
A review of the existing 60.8 million tonnes at 0.32% copper, 0.05% molybdenum, 1.19 grams per tonne (g/t) rhenium and 0.15g/t gold JORC Resource at Kalman is currently underway.
Importantly, the Kalman deposit has the potential to be a company maker for Syndicated with its significant exploration potential as a result of its sizeable targets.

Thirty two samples were collected within EPM13870, with 10 contiguous samples taken over the strike length returning strongly anomalous copper and gold averaging 0.6 grams per tonne (g/t) gold and 3% copper at what is known as the Pandora’s Gift prospect. 

The Pindora Fault is sub-parallel to the Pilgrim Fault zone which hosts the Kalman molybdenum-rhenium and copper-gold deposit as well as a range of other base metal and gold targets.

The Pindora Fault zone can be traced at surface within Syndicated tenements for approximately 10 kilometres.

Sampling was carried out a nominal 100 metre centres along the northern 2.5 kilometre section of the fault within EPM13870, which is within the Kalman Joint Venture with Cerro Resources (ASX: CJO).

The Pindora copper mine is located about 3 kilometres north of the tenement boundary within the Pindora Fault.

Visible oxide copper mineralisation (malachite) has also been mapped along the southern strike extension of the fault as far as Syndicated’s Dronfield copper-gold prospect within the wholly owned EPM13869. This zone has yet to be sampled in detail.

The mineralised fault zone is believed to hold substantial potential to yield shallow copper-gold mineralisation to further augment resources at the nearby Kalman deposit, as well as being prospective for major discoveries at depth.

Syndicated Metals plans to undertake further sampling in the forthcoming field season.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/24504/syndicated-metals-unearths-new-900m-long-copper-gold-trend-near-kalman-in-mt-isa--24504.html