Copper Search on the hunt for large IOCG targets in South Australia
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Copper Search has kicked off drilling at its Peake project in the Gawler Craton of South Australia to test four high-priority Iron-Ore-Copper-Gold (IOCG) targets.
The four-hole diamond core program aims to identify large scale IOCG targets of similar scale potential to Prominent Hill and Carrapateena, starting with target AC23 to a depth of approximately 300m.
Target AC23 will be followed by three more targets for 2,500m of diamond core drilling extending over approximately three months and the company intends to release laboratory assay results progressively throughout the program.
The AC23 drill target is along structure from recently identified IOCG style mineralisation at the Wills Prospect on neighbouring AIC Mines (ASX:A1M) tenements.
Both the Wills prospect and AC23 target are positioned on the regional scale Karari shear zone, and importantly AC23 is positioned where the NE trending Karari shear intersects a NW trending structure.
“The intersection of large regional scale structures is a prime location for emplacement of an IOCG deposit”, Copper Search (ASX:CUS) said.
Once drilling at AC23 is completed, the rig will then drill and case the remaining three pre-collars during May with drilling of the diamond tails to commence in late May/early June on Curdimurka-01 (CU01), followed by Ruby Hill-02 (RH02) and Callanna-06 (CA06).
In parallel, a concurrent regional exploration is underway to identify further drill targets in the northern half of the Peak Project, with a regional exploration update and plans expected to be published in May.
This article was developed in collaboration with Copper Search Limited, 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.