AusQuest (ASX:AQD) has reported early results from its reconnaissance reverse circulation drilling program at the Mt Davis Project in Western Australia, highlighting the area’s potential for sediment-hosted base metal mineralisation.
The program, conducted earlier this year, comprised nine RC holes totaling 1,884m, targeting a discrete electromagnetic anomaly interpreted as a shallow-dipping conductor within the sedimentary sequence.
Three of the nine drill holes returned anomalous base metal values within the weathered section, including 18m at 2,010 ppm lead and 583 ppm copper in MDRC02, 24m at 3,586 ppm Pb and 0.47 g/t silver in MDRC04, and 8m at 9,485 ppm Pb and 0.44 g/t Ag in MDRC03.
The highest lead grade recorded was 2.8% Pb from 80m in MDRC03. These anomalies appear associated with carbonaceous cherty mud rocks, consistent with the VTEM target.