Results from the soil sampling program have generated highly prospective drill targets over multiple lodes. Pic via Getty Images.
Cyclone Metals defines a series of gold anomalies at Macraes South
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A recent soil sampling program at Cyclone Metals’ Macraes South project in New Zealand’s Otago province has generated highly prospective drill targets over multiple lodes.
Following on from the Ionic leach trial soil sampling conducted early last year, an expanded program was designed and completed in December 2022 with the slow return of results partly due to lab backlogs over the Christmas period.
The program has returned strong coherent and continuous geochemical responses over gold lode zones at Macraes South, with anomalous responses up to 350m wide.
Cyclone Metals (ASX:CLE) says potentially around five mineralised lodes have been identified for testing at the Swamy Hill prospect and an application for an extension of term has been lodged for another drilling program to test the defined anomalies if an access agreement is signed with the landowners.
Significant upside
“The results from the soil sampling program have generated highly prospective drill targets over multiple lodes and the Swampy Hill prospect area with limited previous exploration, is being applied for to convert to an Exploration Permit,” CLE chairman Tony Sage says.
“This area has significant upside if drill testing later in the year is successful.”
“The remainder of the Macraes South project is being applied for to remain as a Prospecting Permit and will have further soil sampling programs to identify drill targets.”
This article was developed in collaboration with Cyclone 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.
