Coppermoly (ASX:COY) has commenced new exploration campaigns within its Fox Creek and Windy Hill projects in northwest Queensland.
The company has launched ground magnetic surveys across four key target areas south of Cloncurry, covering a total area of 48.97 km².
In parallel, geochemical sampling is being planned for a new copper target at Windy Hill.
Both projects are considered ‘highly prospective’ for copper-gold-molybdenum.
At Fox Creek, Coppermoly is focusing on the Williams prospect, which is associated with regional copper stream sediment and GEOTEM anomalies; and the Miss Lorna Hit prospect, which encompasses several historical mining sites with no known prior electromagnetic data.
Following this, the company intends to move to Windy Hill, where surveying and sampling will focus on a copper target prospective for copper-gold and gold mineralisation; and an unnamed target, which was selected based on historical rock-chip lead-zinc anomalies.
The program is expected to be completed by the end of July, with final results anticipated by the end-August.
The company notes further geophysical surveys are likewise planned for its Dynamite and Rennies prospects.
Coppermoly is a mineral explorer and resource developer advancing a series of copper–gold-molybdenum projects in the Mt Isa region of Queensland.
It has also expanded its Australian portfolio with the acquisition of four Western Australian tenements.
Write to Paula Fabe at Mining.com.au
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