Great Southern Copper PLC (LSE:GSCU) told investors it has clearly identified high-grade mineralisation beneath the historical Mostaza mine, at the Cerro Negro project in Chile
The explorer on Tuesday reported final results from pole-dipole IP and audio magneto-telluric surveys.
The results showed a strong correlation with high-grade copper-silver mineralisation at the Mostaza mine. The surveys have identified multiple untested drill targets along a 2.5 kilometre mineralised trend south of the mine.
"These exciting pole-dipole IP results clearly identify the high-grade sulphide mineralisation … and provide compelling targeting vectors for our upcoming drilling campaign designed to explore the extensions of the mineralised system to the south along the Mostaza Fault trend,” said chief executive Sam Garrett.
“Importantly, these results also confirm the post-depositional structural complexity of this deposit and suggest geophysics will be a critical tool to assist with directing future drill programmes and ultimately understanding the complex architecture of the deposit.”
Garrett added: "These results significantly enhance the potential of the project and represent a compelling opportunity for discovery in our upcoming Phase III programme, which we anticipate starting before the end of August, subject to rig availability."