Sipa Resources (ASX:SRI) reports that drill testing of ‘major’ base-metal targets has begun at the Barbwire Terrace Project, located along the margin of the Fitzroy Trough in Western Australia.
The project is being undertaken by a 50:50 joint venture (JV) with energy company Buru Energy (ASX:BRU), with Sipa as the operator. The JV holds extensive tenure along the most prospective parts of the Barbwire Terrace.
Up to four holes to a nominal depth of 500m each are planned, testing base-metal targets along the southwestern margin of the Fitzroy Trough.
These targets are located in an analogous geological position to the Lennard Shelf deposits along the north-eastern margin of the Trough where mineralising fluids have been channelled along major faults into contact with reactive carbonate host rocks.
Addressing the drilling underway, Sipa Resources Managing Director Pip Darvall said: “It is great to get the drilling underway at Barbwire, where we are testing some big base-metal targets.
“While a mineralised intercept is obviously first prize, success will also include intersection of the prospective stratigraphy in a structurally favourable location”
While a mineralised intercept is obviously first prize, success will also include intersection of the prospective stratigraphy in a structurally favourable location, which will help us vector in to a deposit.”
Sipa reports that historic oil and gas, and base metals exploration drilling along the Barbwire Terrace intersected carbonate host rocks containing broad lead-zinc halos but these results were never followed up.
Two potential carbonate host units for base-metal mineralisation are being targeted.
Sipa Resources is an Australian-based exploration company focused on the discovery of gold and base metal deposits in Western Australia.
Images: Sipa Resources Limited
