Elysium extends Lloyds copper mine
Elysium Resources Limited (ASX: EYM) has intersected multiple sulphide-bearing horizons in all five holes at the Lloyds copper mine, which may prove to be lateral extensions of known ore bodies.
The Burraga region is in the heart of the world-class Lachlan Fold Belt, which is renowned for its base and precious metal deposits such as Cadia-Ridgeway.
EYM’s licenses encompass highly productive historical mine sites, namely the Lloyds copper mine (19,443 tonnes grading between 3.5% and 4.1% copper) and the Lucky Draw gold mine (1.4 million tonnes grading 4.2 grams per tonne gold), as well as the highly prospective Isabella and Hackneys Creek gold prospects.
Mineralisation at Lloyds copper mine is complex, but is characterised by stacked lenses which have some characteristics of an epithermal-style syste…