Everest Metals (ASX:EMC) has identified conductor targets for an upcoming deep drilling program following a geophysical modelling program at its Revere Gold Project in Western Australia.
The company says geophysical modelling was completed by registered geophysical dataset agent Resource Potentials, and was designed to optimise targets of an upcoming drilling program which is being undertaken to test for copper and gold at the Revere Project.
Everest notes drilling of these new targets is aimed at intersecting VHMS (DeGrussa style) copper-gold mineralisation to depths of about 300m.
The geophysical database included gravity, magnetics, radiometric, versatile time domain electromagnetic (VTEM), electrical resistivity, and induced polarisation (IP) is reported to have been processed and interpreted by specialist geophysical consultants, with reprocessing and interpretation of historical geophysical data using new modern technology.
Approvals are in place for drilling to begin in Q2 2023.
Commenting on the results, Everest Metals Executive Chairman and Chief Executive Officer (CEO) Mark Caruso says: “The remodelling of the historic geophysical data using up to date technology highlights the potential of volcanic hosted massive sulphide copper-gold mineralisation within the Revere Gold Project.
“The predicted targets within the 3D geometry optimises the chances of success with our forthcoming deep diamond drilling program“
The predicted targets within the 3D geometry optimises the chances of success with our forthcoming deep diamond drilling program.”
The company also notes this discovery has been made following the execution of an exclusive binding heads of agreement (HOA) joint venture (JV) with Stelar Metals (ASX:SLB) for the New South Wales Broken Hill projects, which include the Trident, Midas, and Perseus tenements, as announced by Everest in February 2023.
With geophysical modelling now complete, Everest Metals announces it will move forward with bulk sampling and metallurgical test works in conjunction with the scheduled drilling program during Q2 2023.
Everest Metals is an ASX-listed Western Australian resource company focused on discoveries of gold, silver, base metals, and critical minerals in Tier 1 jurisdictions. The company’s Revere project is located in a proven prolific gold producing region of Western Australia along an inferred extension of the Andy Well Greenstone Shear system, with known gold occurrences and ‘strong’ copper/gold potential at depth.
Other assets included in the company’s exploration arsenal include other various ‘high quality’ precious metal, battery metal, and critical mineral projects in Western Australia, such as the Mt Edon Project, Ninghan Project, Rover Project, Mt Dimer Gold Project, and the Yarbu Gold Project.
Images: Everest Metals Corporation Ltd
