Paradigm Metals (ASX: PDM) has intersected further copper silver from two reverse circulation (RC) drill holes at its 100%-owned Frogmore project, indicating potential for an economic copper deposit in a well located part of New South Wales. Frogmore is prospective for high-grade copper silver mineralisation of the Cobar style, found at the CSA copper mine, and is 25 kilometres northeast of the township of Boorowa, about 100 kilometres south of Newcrest’s (ASX: NCM) Cadia Valley mines. Highlights include: - 5 metres at 1.5% copper (Cu) and 19 grams per tonne (g/t) silver (Ag) from 106 metres, from a wide lower grade interval of 32 metres at 0.5% Cu & 6 g/t Ag from 79 metres; and - 2 metres at 1.3% Cu and 14g/t Ag from 69 metres. The results indicate a southerly plunge to the copper with mineralisation open at depth and possibly increasing in grade with depth. Dr Graham Carman, managing director, said “Frogmore represents an outstanding opportunity to find an economic copper deposit in a very well located part of New South Wales, close to infrastructure and markets. "We believe there is excellent potential for the copper mineralisation to continue, and hopefully strengthen in grade with depth, as do the copper deposits of Cobar.” The company is planning an upcoming diamond drill program at Frogmore to test the deep copper potential down-plunge of known mineralisation.

Source