Antares Metals (ASX:AM5) has identified multiple drill targets at the Conglomerate Creek prospect, part of the Mt Isa North Copper-Uranium Project in northwest Queensland.
High-definition gravity and magnetic surveys were completed over the prospect which uncovered a 2km-wide intrusive body, associated with structures and discrete gravity-magnetic anomalies.
Antares says there is potential for large-scale Mt Isa-stye iron-oxide copper-gold or other intrusion-related mineralisation styles.
The company plans to drill test these targets as soon as possible after completing the second phase of a reverse circulation drilling program on the extension targets uncovered at the Surprise Copper Project.
CEO Johan Lambrechts says the company is poised to explore the non-outcropping, subsurface extensions of the mineralisation.
“Although maiden drill programs into untested, sub-surface targets can be daunting, we are excited by the potential of discovering something new,” Lambrechts says.
“Intrusion-related copper-gold mineralisation systems have the potential to be large, and identifying one could be a significant milestone for the company.”
Antares notes approvals and work required to begin the second phase of drilling on Surprise is nearing completion. On-ground and environmental clearances are planned as soon as possible.
Once cultural heritage clearance is obtained, the company will prepare access tracks and drill pads.
The company will also do site-specific geological reconnaissance over the three target areas to ensure the best possible drill targeting is done. Discussions with drilling contractors are advanced, and a final contract decision will be made imminently.
Drilling is anticipated to begin in April and take a week to complete.
Antares Metals is a diversified mineral explorer focused on two district-scale exploration hubs within Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Antares Metals
