C29 Metals (ASX:C29) is working with its technical team to design a drilling program to test the ‘most compelling’ targets within its Sampson’s Tank Project in New South Wales.
The company says this drilling program will help it unlock the mineralisation story suggested by an Induced Polarisation (IP) survey, magnetics, versatile time domain electromagnetics (VTEM), geochemistry, and the company’s current geological knowledge.
This news comes after the company received results from the IP geophysical survey, which identified multiple chargeable and resistive targets within 2 main zones.
This news comes after the company received results from the IP geophysical survey, which identified multiple chargeable and resistive targets within 2 main zones
Additionally, C29 says the anomalies identified are coincident with or adjacent to 3D inversions of the magnetics, VTEM, and geochemical anomalies.
The chargeability models for the 2 inversion models are ‘very similar’ and define 2 ‘strong’ chargeable complexes; 1 in the north of the survey area and the other in the southwest of the survey area.
C29 Metals’ wholly owned Sampson’s Tank is located in the world-class Lachlan Fold Belt within the southern portion of the Ordovician Girilambone Basin.
C29 Metals is an emerging copper-gold and lithium explorer focused on its assets located within Tier 1 mining regions with ‘significant’ discoveries.
The company’s portfolio of assets includes the Sampson’s Tank, Reedy Creek, Torrens, Stadlers, and Mayfield Mt Isa Copper-Gold projects in Australia and the Salar de Pocitos Project in the Salta Province of Argentina.
Write to Aaliyah Rogan at Mining.com.au
Images: C29 Metals Ltd
