Antares Metals (ASX:AM5) CEO Johan Lambrechts says the Cromwell discovery, within the Mt Isa North Project in Queensland, is shaping up to be an “exciting prospect”, after receiving rock chip sample results returning up to 20.5% copper.
Following receiving the second batch of results from Cromwell, Antares is planning to explore the discovery much further in the coming months via geophysical surveys.
Lambrechts says the company aims to identify mineral-concentration hotspots through the ground and geophysical surveys to generate initial drill targets at Cromwell.
The 9km-long zone of copper mineralisation at Cromwell has been extended eastward.
Additional sample results from the A vein suggest copper mineralisation potential, with eight out of 10 samples returning grades above 1% copper.
Field teams are continuing to review, map, and sample prospects as target rankings improve at the Mt Isa North Project area. In conjunction, Antares will continue advancing its prospects through systematic exploration.
“The combination of the Conglomerate Creek and Cromwell discoveries during our first exploration season on this ground gives Antares a strong foundation for value creation for the remainder of the year and into 2026,” Lambrechts says.
The Mt Isa North Project, covering 2,003km2, is located in Northwest Queensland. The Mount Isa region hosts extensive mining-oriented infrastructure, numerous mines and processing facilities, water and power utilities, as well as rail and national highway transport connections.
Write to Aaliyah Rogan at Mining.com.au
Images: Antares Metals
