-- Minerals 260's (ASX:MI6) recent drill results from its Bullabulling gold project in Western Australia supported "strong" potential for a resource upgrade, according to a Monday Australian bourse filing.
The results were up to seven meters at 3 grams per tonne gold from 238 meters at the Bacchus deposit, including 0.8 meters at 16.1 g/t gold from 240.9 meters, while the Phoenix deposit returned three meters at 8.9 g/t gold from 117 meters, including one meter at 23.8 g/t gold from 118 meters.
The company said drilling intersected multiple mineralized lenses outside the mineral resource estimate and identified target extensions of high-grade areas at Bacchus and Phoenix.
Results confirm the continuity of mineralization within the 4.5 million ounce mineral resource estimate, particularly in areas targeted for early mining, and support the conversion of inferred resources to indicated classification through ongoing infill drilling, the filing added.