Stellar Resources Ltd (ASX:SRZ) executive director Gary Fietz tells Proactive the company has followed up a previous 38.9-metre interval of visually confirmed zinc-lead-copper mineralisation (stockwork veining) with a further 160 metres of copper-prospective core at the North Scamander Project in northeast Tasmania in the same drill hole.
Overall, this 732.7-metre hole has now intercepted some 212 metres of mineralisation, including the 38.9-metre interval previously reported and a 14-metre section of weaker copper stockwork veining.
The discovery of a new copper-bearing stockwork zone at North Scamander is a fantastic development for the North Scamander prospect and Stellar Resources, Fietz said.
All the signs point towards an emerging base metals discovery on Tasmanias east coast.
SRZ intends to follow these results up with a downhole electromagnetic (DHEM) survey once geological logging is complete.
The company is in the process of securing and dispatching drilling samples to the laboratory for analyses, with 232 metres completed so far.
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