🕐01.11.10 - 07:27 Uhr

Eleckra Mines Limited [ASX: EKM] - RC Drilling Update



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Eleckra Mines Limited [ASX: EKM] - RC Drilling Update

Eleckra Mines Limited (�Eleckra�; �The Company�) (ASX: EKM) is continuing its maiden RC drilling program over the 500 metre long Justinian Trend, located approximately 200 metres east of the high grade Central Bore discovery.



On 10th October, Eleckra announced that abundant visible very fine gold and fine sulphides were panned from the entire 7-metre wide zone from a depth of 68 - 75 metres in the first RC hole 10EYRC0107 drilled at the Justinian Trend.

Gold mineralisation was associated with strong alteration and with elevated molybdenum.

The true widths of the zones are not known at this stage.



In the current RC drilling program, Eleckra has completed 13 RC holes for 3,257 metres at Central Bore and 11 RC holes for 1,490 metres at the Justinian Trend (Figure 1).

At Justinian, the hole depths range from 81 metres to a maximum of 237 metres with an average depth of 136 metres.



In hole 10EYRC0116, visible very fine gold has been panned in the following down hole intervals, 35-40m, 42-45m, 49-52m, 52-58m, 64-71m, 75-78m, 83-84m and 106-107m.

Below the oxidation zone (~40-50m below surface) strong alteration is observed including the presence of fine sulphides and molybdenum.

The best molybdenum intercept (with associated anomalous lead, copper, carbonates and scandium values), comparable to hole 10EYRC0107, was recorded over 6 metres from 100 metres.

Hole 10EYRC0116 is 200 metres to the south of hole 10EYRC0107.




Within the balance of the 11 RC holes drilled to date on the Justinian trend variable signs of mineralisation has been noted with some holes displaying only modest zones of alteration and the interpreted mineralisation zones while much broader than Central Bore is still poorly understood.



Panning of the drill samples indicates that visible gold is more abundant in the shallower oxidised zone, and less frequent in the deeper primary/fresh rock.

It is possible that much of the gold might not be visible in the primary/fresh intercepts, as it is possibly associated with sulphide minerals.

The assay results from this program will be reported as they become available, and are expected within the next month.

Drilling is continuing on these targets to better delineate the overall dimensions of the new discovery

General Manager Mr Ziggy Lubieniecki commented: �The results of the first RC drill holes at the Justinian Trend are encouraging � specifically the width of the alteration zone that is up to 72 metres in hole 10EYRC0116.

We have to be patient and wait a few weeks until the assay laboratory results from the first lot of RC holes are available for us to assess.

Until all gold assays are assessed we cannot speculate on the overall grade of this new discovery but we are encouraged by the similarities of the mineralisation to that of Central Bore, located just 200m to the west�

Yours sincerely


IAN MURRAY
Executive Chairman
Telephone: +61 (0) 438 384 735
www.eleckramines.com.au




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