Anax spots multiple high potential VMS targets at Evelyn

Anax Metals flags multiple VMS targets at Evelyn deposit, part of the Whim Creek project
Whim Creek hosts 590,000t at a high-grade 2.54% copper and 3.90% zinc
Company confident of potentially multiple VMS deposits

Special Report: Anax Metals says a review of historical exploration has identified several high-potential VMS drill targets at the Evelyn deposit, part of its Whim Creek project in Western Australia.

The Evelyn base metals deposit (590,000t at 2.54% copper, 3.90% zinc) exhibits many characteristics typical of a volcanogenic massive sulphide style of mineralisation, which forms in clusters of sulphide bodies.

To date, historical magnetic and electro-magnetic surveys have defined prospective ‘event-horizon’ stratigraphy that strikes for >3km in the tenement, around 70% of which remains largely untested by effective drilling.

The company says this review of historical data has identified considerable potential to add existing resources with successful exploration and could mean Evelyn is the first of many copper-zinc-lead-silver-gold deposits on the lease.

Location of the Whim Creek project and Evelyn deposit. Pic: via ANX

RC drilling planned near term

In addition to these new targets, new rock chips from the Felsic Dome target returned up to 3.94% copper and 1.21g/t gold, demonstrating prospectivity immediately west of Evelyn.

The company says previous exploration ignored geochemical techniques in favour of geophysics. In future, it plans to use surface, auger, and litho-geochemical techniques extensively, allowing for fast and efficient exploration to identify further drill targets, mostly within the prospective event-horizon stratigraphy

RC drilling is also proposed to test existing VTEM and FLEM conductivity along with other targets generated by the geochemical program.

“Evelyn is a rich, high-value base metal deposit and the discovery of any further ore positions within the granted mining lease would add considerably to the overall economics of the broader Whim Creek project,” Anax Metals (ASX:ANX) managing director Geoff Laing said.

“The exploration team have done well to advance the prospectivity of the area and we look forward to executing a more aggressive discovery strategy going forward.”

The company is also in the process of reviewing base metal targets at the Whim Creek and Mons Cupri prospects and looks forward to providing details of proposed exploration programmes in the coming weeks.

This article was developed in collaboration with Anax Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.