Cash Minerals Ltd. (TSX VENTURE: CHX) today announced that drilling on the ODIE property intersected visible copper, as native copper, in two intersections. Copper mineralization occurs within two intervals that are approximately 11.0 m and 5.7 m thick. These intervals of native copper appear to occur in association with significant veining and chlorite alteration of the metasedimentary basement rocks of the Wernecke Supergroup.
"Geological targeting for the first phase of drilling completed by our exploration team led by Dr. Geordie Mark demonstrates the benefits of applying cutting-edge modeling technology to geophysical data. In the case of Odie, integration of geophysical models with geological data has allowed us to target at depth areas of interest more precisely, which is encouraging as comparable methods are employed to discover massive IOCG-U (iron-oxide copper-gold uranium) systems in Australia," commented Basil Botha, President and Chief Executive Officer of Cash Minerals. Drill hole assays from the first set of holes at Odie are expected to be released in June.
Native copper, which represents the natural metal form of copper, is soft, malleable and dense. In drill hole 2007-OD-01R (01R), native copper typically occurs as irregular masses and fillings in open spaces within veins in two intervals at 423.6-434.6 m (11.0 m), and 526.4-532.1 m (5.7 m). Native copper is commonly formed by the mobilization of copper in fluids, where in some cases the copper is often shown to be derived from proximal 'copper' sulphide (e.g., chalcopyrite and bornite) deposits. "These intersections of native copper provide some very exciting results for our stage one drilling program on the Odie property, as it gives us an indication that copper mineralization is present. We plan to follow up on this hole later this season," said Dr Geordie Mark, Vice-President Exploration.
Vein-controlled and disseminated pyrite mineralization also occurs sporadically in drill hole 01R between 495.1 and 563.9 m (To view an image of this core, please visit the Cash Minerals website at www.cashminerals.com/s/photos.asp?reportid=181294 ).
