Strategic Energy Resources Unveils Promising Assay Results from Achilles 1
SER (SER) Share Update November 2024 Sunday 24th
Strategic Energy Resources Confirms Polymetallic Mineralisation at Achilles 1
Strategic Energy Resources Ltd (ASX: SER) has released the final assay results from its maiden drill program at the Achilles 1 Polymetallic Prospect, revealing significant mineralisation across several traverses.
Instant Summary:
- Assays confirm Pb-Zn-Ag-Cu-Au mineralisation in 8 out of 10 holes.
- Polymetallic mineralisation spans over 1.2km strike length.
- Induced Polarisation survey planned to support further exploration.
Exploration Success at Achilles 1
Strategic Energy Resources Ltd has announced the final assay results from its maiden Reverse Circulation (RC) drill program at the Achilles 1 Polymetallic Prospect in South Cobar, New South Wales. The results confirm the presence of polymetallic mineralisation, with significant intercepts in 8 of the 10 remaining reconnaissance holes.
The drilling program covered a 1.2km strike length and revealed mineralisation open in multiple directions. This suggests the area is fertile for Cobar-style mineralisation, a promising sign for the project's future potential.
Details of the Drill Program
The 25-hole reconnaissance program aimed to test the relationship between a polymetallic soil anomaly and the prospective Achilles Shear Zone. The final ten holes confirmed widespread mineralisation, with the highest grades found between the southern and central traverses.
Significant intercepts included 1m at 0.16g/t Au and 4.99g/t Ag from 48m, and 5m at 0.13g/t Au, 16.35g/t Ag, 0.12% Cu, and 1.12% Pb+Zn from 70m. These results demonstrate the area's potential for hosting economically viable mineral deposits.
Future Exploration Plans
Following these promising results, SER plans to conduct an Induced Polarisation (IP) survey to identify chargeability anomalies indicative of higher-grade mineralisation. Additional soil sampling and detailed mapping will also be undertaken to further understand the controls on mineralisation.
The company is optimistic about the potential for higher-grade mineralisation both between the broadly spaced drill traverses and to the north and east of the Achilles hill.
The confirmation of polymetallic mineralisation at Achilles 1 is a positive development for SER, potentially enhancing the company's valuation and attractiveness to investors. The results indicate the project's potential to host significant mineral deposits, which could lead to increased exploration activity and investment in the region.
Investor Reaction:
Analysts are likely to view these results favorably, as they confirm the presence of valuable minerals and suggest further exploration could yield even more promising results. The planned IP survey and additional exploration activities are expected to generate interest among investors looking for growth opportunities in the mining sector.
Conclusion:
Investors should keep an eye on Strategic Energy Resources as the company continues its exploration efforts at Achilles 1. The promising assay results and planned future activities indicate potential for significant mineral discoveries, which could positively impact the company's stock and market position.