Pegasus Metals, another Australian junior, has reported numerous high-grade drill intercepts at its Mount Mulcahy copper-zinc-silver-gold massive sulphide discovery in the Murchison region of Western Australia, where 54 diamond drill holes had been completed as of May 1.

Results from the latest drilling on the South Limb Pod target included grades of up 6.8% copper and 6.7% zinc. The drilling confirms that the mineralization extends more than 300 m down dip and to a vertical depth of 200 m. The next round of drilling is aimed at extending the known parameters of the mineralization to a vertical depth of 400 m.