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Chrysalis estimates resource for Wangolo

20th August 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior explorer Chrysalis Resources has declared a maiden mineral resource estimate at its Wangolo copper deposit in Zambia.

The ASX-listed Chrysalis estimated that the project hosted an inferred resource of some 18.6-million tonnes, grading 0.52% copper, for 96 000 t of copper.

The resource model was based on mineralisation to around 250 m vertical depth, and was estimated on the results of 4 172 m of drilling.

“The resource estimate was a significant milestone for the company and there is considerable scope to increase this mineral resource estimate, based on potential along strike and at depth,” said Chrysalis chairperson Neale Fong.

The Wangolo prospect is located within the Shikila licence, in which Chrysalis holds a 99.9% stake.

Edited by Creamer Media Reporter

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