Discovery Metals Limited (DME)

Discovery Metals Limited (DME)


• Geochemical soil sampling has identified 13.4 kilometres of copper anomalism at Quirinus
• The northern limb of Quirinus, previously reported at 3.3 kilometres is now extended to 8 kilometres
• 18 kilometres of prospective strike length at Quirinus still to be tested
• Assay results from four diamond drill holes at Quirinus expected later this quarter

Discovery Metals Limited (DME) is pleased to announce further results from the soil geochemical survey being carried out at the Quinines prospect. The Quirinus prospect is located approximately 15 kilometres south west of the existing Zeta, Plutus and Petra Prospects which contain Indicated and Inferred Mineral Resources of 49.1 million tonnes @ 1.2% copper at a cut off of 0.6% Cu.  The aim of exploration at Quirinus is to define additional resources for the Bose to copper project.

Quirinus is a recent copper-silver discovery by Discovery Metals.  Three reverse circulation holes were drilled at Quirinus in December 2007 with assays being reported on 5th June 2008. The holes investigated a strike length of 600 metres and all three holes intersected copper- silver mineralisation similar in nature to that contained in the existing Indicated and Inferred mineral resources at the Zeta, Plutus and Petra prospects. Assay results from two of the three Quirinus holes were 4m @ 1.7% Cu and 13g/t Ag and 6m @ 0.9% Cu and 14 g/t Ag.

Discovery Metals’ Managing Director, Mr Brad Sampson, said:
“Quirinus is developing into a very exciting prospect with potential to provide an additional copper –silver mineral resource within trucking distance of the proposed concentrator location at the Boseto Copper Project”.
“Discovery Metals has 1,300 kilometres of prospective strike length to explore within its 100%-owned tenement package. A diamond drilling program has commenced at Quirinus and we look forward to the initial assay results by the end of the quarter” he added.

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