We caught up with Sam Garrett, Chief Executive Officer of Great Southern Copper (LON: GSCU), this week after the company announced the partial assay results of Hole CNG25-DD042 (DD042) recently received for its Phase III drilling programme at the Cerro Negro prospect, part of the Especularita Project.

Highlights:

·    Hole CNG25-DD042 tested the interpreted southern extension of Lens 2 some 300m along trend from the Mostaza mine

·   The hole intersected multiple zones or lenses of base and precious metals mineralisation including significant intercepts

·    An upper Pb-Zn-Ag rich silica breccia zone includes grades up to 22.4g/t Ag, 1.9% Pb and 0.34% Zn similar to the mineralisation identified in the hanging-wall to Lens 2

·    DD-042 results extends the Mostaza system to over 400m of strike  length with mineralisation open to the south

·    Pb and Zn rich intervals add further evidence of a complex multiphase stacked system

·    Results pending for final diamond holes and all RC drill holes

·    Planning for fully funded Phase IV resource and exploration drilling is in progress

·    GSC holds option to 100% of the Cerro Negro project including the Mostaza mine

·    Project located at low elevation with excellent access to mining-related infrastructure

Sam Garrett, Chief Executive Officer of Great Southern Copper, said: “These latest results for step-out hole DD042 continue to demonstrate the strong growth potential of the Mostaza copper-silver discovery. Intersecting mineralisation at this distance from the historic workings provides further evidence that the Mostaza Fault Zone hosts a much broader mineralised footprint than originally recognised and emphasises the significant exploration upside still to be tested along this emerging trend.

“Importantly, the presence of significant Pb and Zn mineralisation in DD042 within an upper silica-sulphide breccia zone underlain by high-grade chalcocite-clay mineralisation is consistent with the deposit architecture recognised below the Mostaza mine, reinforcing the exciting proposition that this represents a potential extension of the Mostaza Lens 2 trend towards the south.

“Exploration work to date has already traced mineralisation and alteration signatures for over two kilometres of the Mostaza Fault Zone, and this latest step-out hole is another important confirmation that the system remains open and continues to grow.

“Planning for our fully funded Phase IV drilling campaign is underway and will focus on in-fill drilling of Lens 2 between the Mostaza mine and the mineralisation intersected in holes DD07 and DD042, as well as additional step-out drilling aimed to extend the Lens 2 mineralisation trend further south along the Mostaza Fault Zone.  In addition, we look forward to continuing to test the broader potential of the Cerro Negro system.”