Core Exploration (ASX: CXO) has identified a large copper field within its Albarta project in the Northern Territory after analysing mapping, prospecting and soil sampling by previous explorers.
This had defined a 5 kilometre long copper soil anomaly.
Rock chips assays of up to 14.3% copper and 72.3 grams per tonne have been sampled historically and the company now plans to utilise geophysical surveys for the first time over the area in the coming September quarter, to pinpoint high priority drill targets.
While previous explorers undertook a large amount of copper-gold focused exploration in the region in the 1990’s and early 2000’s, Core noted there is little evidence that geophysics was used in targeting first pass historic rotary air blast drilling that identified thin intervals of copper mineralisation.
It believes that any broader mineralisation within structures at depth could be identified through geophysics as demonstrated by recent copper exploration successes in the region like Kidman Resources (ASX: KDR) and its Home of Bullion find.
Core intends to undertake detailed geophysics over known areas of mineralisation to identify potentially larger mineral bodies at depth. Any substantial geophysical anomalies identified would constitute priority drill targets.
The company is expecting to commence field exploration on this tenement once it is granted during the next quarter.
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