logo-loader
viewBlack Oak Minerals

Southern Cross Goldfields begins step-out drilling, EM surveys at Copper Bore

au_goldnugget350_4ee01cf8b918d.jpg

Southern Cross Goldfields (ASX: SXG) has commenced a new phase of step-out drilling and project-wide ground EM (electromagnetic) surveys at its 100%-owned Copper Bore Project in Western Australia.

Two new step-out drill holes are underway targeting down-dip and strike extensions to the Southern Gossan prospect with one hole expected to be completed before Christmas.

Down-hole EM will be conducted following completion of drilling targeting off-hole conductors representing potential accumulations of sulphide mineralisation.

Previous drilling has confirmed VMS mineralisation at Southern Gossan over a strike length of ~150 metres and to a vertical depth of 230 metres, which remains open down-plunge and along strike to the north and south.

Previous intersections include 5 metres at 2.0% copper, 1.9 grame per tonne (g/t) gold, 7.1% zinc and 25.4g/t silver.

A project-wide ground EM survey commenced this week to provide EM coverage along the entire 10 kilometre strike length from Southern Gossan to Copper Bore, generating new drill targets for 2012.

The company aims to complete the new project-wide EM program prior to Christmas to define additional walk-up drill targets for the New Year. These targets will include the bullseye aeromagnetic anomalies identified near Copper Bore and Kim’s Bore.

Southern Cross holds the non-iron rights immediately surrounding and to the north and south of the project area, positioning it well to capitalise from any further VMS discoveries in this district.

Quick facts: Black Oak Minerals

Price: - -

ASX:BOK
Market: ASX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Alpha Growth PLC using experienced team to start Alpha Growth and Income...

Alpha Growth PLC (LON: ALGW) CEO Gobind Sahney joined Steve Darling from Proactive to discuss the fund called Alpha Growth and Income fund or AGI. This funds prospective client are family offices, pension funds, and other institutions that still wish to receive some income but also want their...

7 hours, 57 minutes ago

2 min read