NT Minerals (ASX:NTM) reports that a successful maiden drilling program has been completed at Calvert South within the company’s Redbank Copper Project in the McArthur Basin, Northern Territory.
Ten first-pass percussion drillholes have been completed for a total of 2,095m at Calvert South, which have tested priority targets within a broad 30km multielement anomalous footprint identified with soil sampling at Calvert South in 2021.
NT Minerals reports that drill and soil samples have been dispatched to Intertek in Townsville for multielement analysis.
The company anticipates first results to be available in October, subject to laboratory turn around.
Drilling has targeted the Wollogorang Formation, interpreted as a fertile and permissive sediment horizon for copper deposits. This sediment horizon is sandwiched between the upper Gold Creek Volcanics and the lower Settlement Creek dolerite which all gently dip at about 15 degrees to the NNW.
Visual copper and zinc mineralization was identified within the rock chip samples during the drilling campaign and field work activities.
Addressing the drilling program, NT Minerals Managing Director Hugh Thomas commented: “Whilst we are obviously buoyed by the first work completed at Calvert in decades, it is satisfying to begin work in this under-explored area as we hunt for a sediment hosted copper system.
We look forward to bringing results to the market in the near future”.
Our geological team has a simple exploration strategy to target copper mineralisation in the Wollogorang sediment Formation using anomalous soil geochemistry with follow up field mapping and use of all available geophysical data.
NT Minerals looks forward to updating shareholders with full results of its 2022 drilling campaign as they become available from October.”
The Redbank Project is located in the southeast McArthur Basin and extends from the Northern Territory/Queensland border north-west to Glencore’s McArthur Mine.
NT Minerals though its 100% subsidiary Redbank Operations holds the tenements with a 100% interest.
In July 2020, NT Minerals secured a district scale tenement holding, pegging open ground following ground-breaking work by Geoscience Australia.
This work highlighted the prospectivity for tier 1 base metal deposits between the ‘world-class’ deposits of McArthur River and Century.
Write to Adam Orlando at Mining.com.au
Images: NT Minerals Ltd
