Copper explorer Revolver Resources (ASX:RRR) has kicked off a 2000m diamond drilling program at its Osprey Project in northwest Queensland.
The drilling is slated for completion in July and will focus on ‘high-priority’ conductive targets that the company says have been progressively worked-up from recent heli-electromagnetic (EM) surveying and integrated into its geochemical and geological modelling work.
According to Revolver, the Osprey area shows evidence of ‘wide-scale’ productivity, with recent detailed analyses of historical drill core revealing narrow ‘high-grade’ copper intercepts with peaks of more than 3% copper.
Further, core logging and alteration measurements show further clear evidence of iron-oxide copper-gold (IOCG) and Mt Isa-style mineralisation potential, and regional magnetotelluric (MT) geophysics identified a ‘hot-spot’ conductive zone directly beneath the Osprey tenements.
Commenting on the fresh drilling work, Revolver Managing Director Pat Williams says: “This region is one of the best-endowed base metal provinces in the world. The north-western succession of the Mt Isa Inlier undercover is a newly emergent hotspot for mineral exploration targeting large-scale IOCG and Mt Isa-style base metal deposits.
“Osprey has been the sleeping giant of the Revolver portfolio since the company listed in 2021″
Osprey has been the sleeping giant of the Revolver portfolio since the company listed in 2021.
Multiple recent reinforcing streams of technical evidence provide a heightened level of priority and focus on the numerous targets now identified across the Osprey tenure. With drilling set to commence this week, we look forward to reporting on key drill outcomes across the coming weeks and months.”
Revolver’s Osprey Project covers 765km-square over six adjoining exploration permits. The project lies roughly 220km north of Mount Isa within the Paleoproterozoic Mount Isa block beneath a shallow cover of sediments of the Carpentaria Basin.
Revolver says the host geological province is one of the world’s richest mineral-producing regions, home to multiple tier-one mines producing zinc, lead, copper, and silver.
Alongside the Osprey Project, Revolver also owns the Dianna Project in North Queensland’s Hodgkinson Province, which it claims was once one of the highest-grade copper mines in the world.
Write to Joshua Smith at Mining.com.au
Images: Revolver Resources Ltd