Copper Search identifies 1.2km extension of anomaly at its Paradise Dam prospect
Special Report: A follow-up IP geophysical survey has extended the chargeability zone by 1.2km to the south at Copper Search’s Paradise Dam prospect at its Peake project.
Copper Search’s (ASX:CUS) Peake project is located in the Gawler Craton in South Australia, within a world-class mining district endowed with >100Mt of copper and 110Moz of gold, and covers a huge 5,000km2 area north of prolific copper mines such as Prominent Hill, Olympic Dam and Carrapateena.
A diamond core tail on hole 23PK11 was completed in early December to 651m depth, testing the edge of the promising chargeability anomaly on the southwest corner of the Paradise Dam prospect.
Follow-up IP geophysical surveys identified a 1.2km extension to the chargeability zone – with potential for copper mineralisation – which remains open to the south and is interpreted to be indicative of disseminated sulphides.
The Paradise Dam prospect with recent drill holes and anomaly extension. Pic supplied: (CUS)
Copper Search CEO Duncan Chessell says the extension and greater intensity of the IP chargeability anomaly is a very encouraging sign of potential disseminated sulphides in the shear zone adjacent to drill hole 23PK11.
Assays are pending.
“We look forward to follow-up drilling in and around the promising Paradise Dam Prospect in 2024,” Chessell said.
The IP geophysical survey will resume on 10 January to test the extent of the chargeability zone and inform potential drilling program design.
A heritage clearance survey, now planned for February, will be conducted once the IP survey data has been completed, with assay results expected in January.
This article was developed in collaboration with Copper Search, 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.