Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Montezuma Mining Company logs stunning 61m at 1.96% copper intercept from drilling at Butcherbird

Montezuma Mining Company (ASX: MZM) is continuing its impressive run of copper hits with strong widths and grade at the Butcherbird Copper Project with the second round of assays from reverse circulation drilling extending the mineralisation and increasing the grade.

The company intersected a total of 61 metres of continuous copper mineralisation at 1.96% copper and 228 parts per million cobalt from 113 metres.

This follows previously announced intercepts of 47 metres at 1.81% copper from 113 metres, which includes a stunning high grade intercept of 6 metres at 6.08% copper and 631 parts per million cobalt.

Importantly, the mineralisation remains open, ending in 0.46% copper. Drilling about 300 metres along strike from the discovery hole returned 83 metres @ 0.43% copper from 118 metres including 3 metres at 4.15% copper.

A further boost to the project is the fact that the results for the last 14 metres of the hole were generally of a higher tenor, averaging 2.44% copper, increasing the overall average grade of the discovery intersection.

Several holes testing separate reconnaissance geophysical targets returned no significant copper or cobalt results, however non-copper sulphide minerals may be present and multi element analyses including the platinum group elements are still pending.

Only copper, cobalt and nickel results have been received to date for this latest round of results.

The mineralisation is open along strike and at depth within a greater than 6 kilometre striking corridor.

Previous drilling by Montezuma Mining 130 metres west of the 61 metres at 1.96% copper intersection along this shear zone initially confirmed the presence of copper sulphide mineralisation.

Results included 18 metres at 0.63% copper and 859 parts per million cobalt from 154 metres, and 10 metres at 0.82% copper and 581 parts per million cobalt from 180 metres, including 3 metres at 1.94% copper and 0.12% cobalt.

Montezuma Mining has begun further drilling to confirm the confirm the orientation of the zone and to test the depth and strike extent.

Butcherbird Potential Revealed Early On

Earlier intersections of 47 metres at 1.81% copper from 113 metres were discovered at the very start of the recent drilling campaign, when assays from just two holes of the 19 hole program had been returned.