Red Mountain’s found some prime nickel-copper targets at Cow Creek
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Red Mountain’s technical review has highlighted the potential of the Cow Creek prospect to host intrusion relation nickel-copper-cobalt-platinum group elements.
The review has identified several regionally distinctive, large-scale targets within a broader 7km by 7km ovoid area at Cow Creek, which is part of its Mt Mansbridge project in Western Australia’s East Kimberley region.
Red Mountain Mining (ASX:RMX) says the Cow Creek area has been interpreted as a mafic-ultramafic intrusive complex similar to that which hosts the Panoramic Resources’ (ASX:PAN) Sally Malay/Savannah deposit.
It expects to drill-test several of these anomalies towards the end of the 2021 and has already started the permitting process with the Department of Mines, Industry Regulation and Safety and traditional owners.
Additionally, the company will soon start an electromagnetic survey at the Deja Vu nickel-copper-cobalt prospect that is just 12km to the southeast of Cow Creek.
Deja Vu was discovered by Rio Tinto during exploration for diamonds in 1993, with drilling intersecting trace amounts of nickel and copper minerals.
It is modelled as a 600m long, east-west trending, southerly dipping intrusion.
Both Cow Creek and Deja Vu are associated with a regional west-northwest to east-southeast trending fault system that is evident in magnetic imagery and Geological Survey of Western Australia mapping through the area.
This structure is interpreted as mantle tapping conduit for magmatic fluids.
An inversion of magnetic data found that the magnetic features are concealed beneath overlying sediments and are about 150m below surface, putting them within testable distance of reverse circulation drilling.
This article was developed in collaboration with Red Mountain Mining, 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.