Metalicity’s geo-sleuths took another look at Mt Surprise and found… a big surprise
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Geo-sleuths working at Metalicity’s Mt Surprise have been surprised by the sheer volume and quality of copper targets they have just identified.
Re-processing of recent geophysical datasets combined with results from soil sampling and exploration work has delineated several new anomalous regions at the project.
These targets are a welcome addition to Mt Surprise’s two current high-priority targets – the Copper Cap copper-cobalt and Double Barrell base metals prospects.
Significantly, Metalicity (ASX:MCT) found that six out of the seven new targets correspond to the 30km-long north-south and east-west mineralised zones that were identified from sampling carried out a fortnight ago.
The company said the survey data review will help fast-track the next program of fieldwork and target testing of the recent anomalous regions as well as Copper Cap and Double Barrell.
“The geophysics survey data has not only provided additional target areas in the vastly underexplored Mt Surprise area, but also appears to provide additional support and data for the significant north-south and east-west mineralised trends previously identified,” Metalicity CEO Justin Barton said.
“As we methodically continue to explore and build knowledge of this area, we are highly encouraged by the number of targets and results that have been presented to date that show this area to be highly prospective.”
Metalicity believes that its geophysical re-processing has so far been a cost-efficient and effective method of highlighting multiple areas of interest and is where the company will effectively focus future exploration activities.
To date, the work has enhanced the visualisation of structural elements over Mt Surprise and brought out more subtle features in the magnetically low-relief basement areas and granites.
In addition to generating new targets, the geophysical review confirmed mineralised trends associated with mineralisation at the Copper Cap prospect with a potential strike length of more than 4km.
Delineated geophysical anomalies identified a minor gravity ridge that aligns with the general trend of the prospect and extends south into the company’s recently acquired exploration permit EPM28653 – adjacent to the initial Mt Surprise project area EPM28052.
The review also uncovered a large gravity low anomaly in the southwestern area of the tenement, which suggests a felsic pluton/magma chamber at depth and mineral occurrences at the margins, particularly on the eastern side.
At Double Barrell, three anomalous potassic zones were discovered to be associated with a major north/northwest trending structure through the area, indicative of potential mineralisation.
An additional potassic anomaly up to 2.5km long and 1.3km wide stands out at Mountain Camp Hills – in the north-east quadrant of EPM28052.
On the back of the successful geophysical review, Metalicity said it would further investigate these recent finds in its next field program to further prove up Copper Cap, Double Barrell and Mountain Cap Hills.
The company said it would then consider the use of high-resolution ground and/or airborne drone magnetic surveys to see if they can further delineate small-scale dykes and veins, structures and alteration zones to increase mineralisation.
Also planned for next month is a maiden fieldwork program at the company’s Georgetown project, 75km southeast of Mt Surprise.
“We look forward to getting back out into the field in the coming weeks to follow up on our recent results and also begin exploration on our highly prospective Georgetown project, Barton said.
This story was developed in collaboration with Metalicity, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.