Kooline is a Surefire hit as a potential major copper-gold project
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Surefire not only has promising gold and iron ore projects in the pipeline, but it also now looks as if the company could be sitting on a major copper-gold system in the immediate vicinity of its high-grade Kooline silver-lead-copper project.
The Kooline project covers almost 50km of the mineralised Ashburton Formation and is located 55km south of Northern Star Resources’ (ASX:NST) 1-million-oz Paulsen’s gold mine in Western Australia.
“Through re-processing and interpretation of geophysical data the company has identified potential for a major silver-lead and copper-gold system at Kooline,” managing director Vladimir Nikolaenko said.
“A series of deep drillholes have been planned to test this exciting new target area, to be co-funded by the WA government through the EIS program.”
Surefire has identified Versatile Time Domain Electromagnetics (VTEM) conductors undercover immediately west of the Kooline workings, next to an intrusive heat source, where a major copper-gold system is targeted.
The company has been granted $150,000 by the WA government to co-fund the drill testing of the key copper-gold target below and along strike from the Kooline lodes.
The project hosts the previously mined high-grade lead-silver lodes of the Kooline Mineral Field, where previous rock chip sampling of the exposed structures produced grades of up to 79.3 per cent lead and 249 grams per tonne (g/t) silver from the June Audrey and Bilrose workings, respectively.
There was also evidence of increasing copper grades to the west, with the channel sampling returning grades of up to 2.62 per cent copper from the Phar Lap workings at the western end of field.
Surefire has also identified high-grade gold targets from previous rock chip samples that returned up to 38g/t gold, projecting into an area of cover where magnetics indicates extensions of a structural corridor.
“We have also identified potential for high-grade gold similar to the 1-million-ounce Paulsens deposit, and we will look to advance these targets in parallel with testing the major base and precious potential identified,” Nikolaenko said.
The Kooline project area is underexplored and covers an almost 50km strike corridor linking the historical, high-grade, lead-silver workings of the Kooline mining centre – which hosts over 30 mines – as well as other lead-silver, copper-gold and gold only workings and historical mines.
This article was developed in collaboration with Surefire Resources, 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.