Quintessential Resources has drilling success, high grade copper/silver in PNG

Proactive Investors

Thursday, July 04, 2013

Quintessential Resources (ASX:QRL) has been rewarded from drilling in Papua New Guinea with the highest grade intercept of 3.0 metres of 2.61% copper + 68.0g/t silver + 0.10 g/t gold at its Irak Prospect in the Enga Province.
These results from the Northern Skarn outcrop have been traced locally for approximately 500 metres total and it was originally discovered by Quintessential in the third quarter of 2012.
Peak outcrop assay values since then have been 15.9% copper and 303 g/t silver and it averaged 1.48% copper + 45 g/t silver + 0.23 g/t gold + 126 ppm molybdenum in 69 samples.
The samples were prepared in Lae, Papua New Guinea and were analysed by SGS Geochem in Townsville, QLD.
Further geological mapping and sampling is required to trace the mineralisation further east and determine additional drill targets.
Quintessential's drilling equipment remains at site, ready for the next round of exploration.
Managing director of Quintessential Paige McNeil will be significantly encouraged by these results following on from earlier outcrop assay results.