Bindi Metals (ASX:BIM) announces that it has started a maiden reverse circulation (RC) drilling campaign at its Biloela copper-gold project in Queensland.
The maiden drilling campaign has commenced with a goal of testing coincident ‘high-grade’ copper (Cu and gold (Au) surface soil and rock anomalies with identified magnetic anomalies at high priority targets across the Biloela tenement.
The program will consist of 3,000m of drilling between 5 ‘high priority’ prospects and is expected to be completed within 6 weeks.
Addressing the maiden drilling program, Bindi Metals Executive Director, Henry Renou, commented: “We are excited to get drilling underway at the Biloela Project for its maiden RC drill program. The company has defined several high priority drill targets that will be tested with the potential to discover major deposits and we are eagerly awaiting results.
“The company has defined several high priority drill targets that will be tested with the potential to discover major deposits and we are eagerly awaiting results”
We thank all stakeholders involved in the process including our local contractors and landowners, as well as our shareholders for this continued support.”
The company also notes that magnetic data indicates highly anomalous Cu-Au in soils and outcropping mineralisation is driven by a circular magnetic feature that shares similarities to the well-known intrusive systems such as the Bajo de la Alumbrera porphyry Cu-Au deposit.
In addition, recently acquired drone magnetic imagery indicates the presence of a 1.8km magnetic anomaly from Blackall North, Main and East with elevated copper-gold in soil and rock chips up to 12% Cu and 9g/t Au, which support historical drill results.
Magnetics have also defined two undrilled prominent northwest-southeast trending structures along a 1.5km trend that have returned grades of up to 13g/t Au and 5% Cu, representing a ‘high priority’ drill target for the company.
The Biloela copper-gold project is located about 30km southeast of the township of Biloela in Queensland’s highly prospective New England Belt and is within proximity to the Mt Cannindah project, which is owned by Cannindah Resources (ASX:CAE) and has recently recorded world class drill intercepts of 1,022m @ 0.5% Cu-Eq.
With the RC drilling campaign now underway, Bindi Metals announces that it is excited to test the five prospects, as well as the two undrilled structures, with hopes of adding major discoveries to its Biloela tenement.
Images: Bindi Metals Ltd
