Locksley Resources (ASX:LKY) is looking to further expand the resource at its Tottenham Copper-Gold Project in central NSW following the completion of two drilling programs earlier this year.
All up, 18 reverse circulation (RC) holes — totalling 3,267m — were drilled across 5 key prospects, where a number of electromagnetic anomalies were identified in June 2022.
Of those holes, 8 were designed to infill the Mount Royal/Orange Plains deposit, which currently hosts a resource estimate measuring 9.86 million tonnes at 0.72% copper and 0.22 grams per tonne (g/t) gold.
One hole returned 8m @ 1.57% copper and 0.16g/t gold, including 2m @ 5.03% copper and 0.53g/t gold, which Locksley believes represents an area that displays higher-grade lodes within the broader Mount Royal/Orange Plains deposit.
At the Bogan River prospect 600m north-west of Mount Royal/Orange Plains, 3 holes were drilled to follow up on a previous intercept of 16m at 6.94% copper. One hole returned 5m at 0.89% copper and 0.43g/t gold, but all were ultimately abandoned after they intercepted cavities associated with old mine operations. As a result, the Bogan River prospect remains open.
Another 4 holes were drilled at the Jimmy Woodser prospect,55.5km southeast of the Mount Royal/Orange Plains prospect. Although the aim was to follow up on a previous intercept that measured 24m at 0.73% copper, only 2 of the latest holes intercepted mineralisation, including 9m at 0.29% copper and 0.08g/t gold.
Mineralisation at Jimmy Woodser remains open and will require additional drilling to test down-plunge of the known copper and gold mineralisation.
In an announcement to the ASX on Monday 21 August, Locksley Managing Director Steve Woodham noted that infill drilling showed the Mount Royal/Orange Plains deposit remained open at depth.
“DHEM is being planned for drill holes that encountered mineralisation and, if successful, will provide further drill targets,” Woodham says.
“Locksley is well funded to continue our commitment in adding to the copper-gold resource at Tottenham“
“The recent drilling campaign also tested regional EM anomalies. Follow-up drilling is required to continue expanding the project parameters. Locksley is well funded to continue our commitment in adding to the copper-gold resource at Tottenham.”
Located within the Lachlan Ford belt of NSW, the Tottenham Project consists of 4 exploration licences totalling 470km-square — all of which are granted until 2026.
In addition to Tottenham, Locksley Resources acquired the Mojave REE Project in southeast California in mid-June.
Write to Oliver Gray at Mining.com.au
