Drilling Commences at Bridget and Pearl Bar
Initial drilling commences at two exciting prospects
Copper-gold target at Bridget
Copper-silver target at Pearl Bar
Platypus Minerals Ltd (ASX:PLP)(“Company”) is pleased to advise the commencement of reverse
circulation (“RC”) drilling at two exciting prospects within the Gobbos project (E45/3326) in the East
Pilbara region of Western Australia (Figures 1 and 2).
A program of approximately 600 m of RC drilling will be completed at the Bridget and Pearl Bar
prospects, marking the initial drill testing of each. Drilling commenced late yesterday and is expected
to complete within a week, with results likely in early-mid July.
As reported on 21 April 2016, at Bridget, the core of the target zone measures 180 m x 150 m, and is
marked by rockchip values of up to 0.38% Cu, 0.64g/t Au, and 544 ppm Mo in separate samples. This
core is a zone of porphyry style mineralisation consisting of moderate to intense quartz stockwork
veining and epidote alteration within basalts and porphyry dykes. The stockwork zone is coincident
with a historically defined strong Cu-Mo soil anomaly (Figures 2 and 3).
At Pearl Bar, the drilling is targeting the depth continuity within a granite of a surface zone rich in
copper and silver, which was defined by historical surface rock chip sampling that returned 42m @
2.4% Cu and 91 g/t Ag.
It is believed that both Bridget and Pearl Bar are part of a regional copper-porphyry system that
includes the Gobbos prospect, which was initially drilled by the Company and returned significant
porphyry-related mineralisation, including 29 m @ 0.22% Cu and 0.03% W, and 32 m @ 0.07% Mo, in
separate holes (ref. ASX release 14 January 2015).
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