Junior explorer C29 Metals (ASX:C29) is gearing up to resume its maiden reverse circulation drilling program in a matter of days at its Mayfield Copper-Gold Project in Queensland.
The company has already drilled 5 holes of the 7 planned, with 1,816m of drilling completed so far. All samples have been sent off to ALS Laboratories in Mt Isa for analysis, and drilling is set to restart on 8 January.
C29 says 2 of the 5 holes drilled so far have struck ‘substantial’ widths of visible chalcopyrite mineralisation within a larger ‘redrock’ alteration halo.
This type of alteration, according to the company, is a common feature of iron-ore-copper-gold (IOCG) systems, where retrograde sulphide mineralisation typically uses the same ‘plumbing’ for copper-gold mineralisation.
C29 Executive Director Jeremy King says the company is ‘excited’ by its early observations of drilling so far.
“As an initial test of very prospective ground for IOCG-style mineralised systems, we are already seeing significant widths of copper mineralisation in drilling, underlining the potential for significant discoveries to be made at Mayfield.”
“we are already seeing significant widths of copper mineralisation in drilling, underlining the potential for significant discoveries to be made at Mayfield”
The company says the presence of chalcopyrite intervals in 2 separate settings at Mayfield is ‘extremely encouraging’ with respect to the initial drill testing of large mineralising systems with likely extensive vertical extent.
The company has cased the two deepest holes for potential down-hole electromagnetic surveys.
Alongside Mayfield, C29 owns the Stadlers Copper and Lead Project in Western Australia, the Sampsons Tank and Reedy Creek Projects in New South Wales, and the Torrens IOCG Projects in South Australia.
Write to Joshua Smith at Mining.com.au
Images: C29 Metals