Proactive Investor's  Instablog

Ashburton Minerals (ASX:ASH) has received two drill results from RC holes drilled at Charlies at Pokali, part of Mt Webb IOCG project in Western Australia, and they did not disappoint.

Hole PKC027 returned 4 metres at 1.36% copper; 8 metres at 0.52% copper and 26 metres @ 0.31% copper.

This hole contains copper mineralisation over a 187 metre run, from 162 metres to end of hole at 349 metres, with a bulked significant intercept of 78 metres at 0.26% copper from 162 metres to 240 metres (nominal 0.10% cut).

The results have extended the mineralisation in this area to depth and westwards, with copper mineralisation remaining open at depth and along strike.

The 4 hole drill program was targeting copper mineralisation at east Pokali and The Gap area at the western end of Pokali hill.

The other Hole PKC026 returned 4 metres at 0.76% copper; 22 metres at 0.34% copper and 23 metres at 0.20% copper (end of hole).

The results have extended the mineralisation in this area to depth and westwards, with copper mineralisation remaining open at depth and along strike.

The target at east Pokali is defined by a copper anomaly almost 400 metres in length.

Ashburton's drilling program consists of four deep RC (reverse circulation) drill holes targeting copper mineralisation at east Pokali and The Gap area at the western end of Pokali hill.

The target anomaly is substantially larger than prior copper anomalies in the vicinity and lies adjacent to the zone that has so far returned the best drill intercept from Pokali, namely 62 metres at 0.40% copper (including a run of 12 metres at 1.1% copper) from drill hole PKC 024.

This hole is almost entirely mineralised, averaging 246 metres at 0.22% copper.

Results for the remaining two holes, PKC 028 and PKC 029, drilled at The Gap prospects are expected in approximately one week's time.

Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.