Core Exploration’s (ASX: CXO) rock chip sampling has identified an undrilled copper target over 1 kilometre long with assays of up to 34% copper at surface within its Albarta project in the Northern Territory.
The copper target is further evidence for the company’s belief that the 2,000 square kilometre Albarta project – located 100 kilometres northeast of Alice Springs - could be Australia’s new copper-IOCG hot spot.
This is on top of existing evidence of mineralisation and recently confirmed IOCG prospectivity by Geoscience Australia.
Previous soil sampling program was carried out on five lines on 600 metre by 50 metre spacing coincident with a zone of alteration interpreted from the Landsat images. A strong copper in soil anomaly was returned along strike from the main Virginia outcrop in both directions
The company expects its soil sampling to identify any additional outcropping zones of mineralisation.
It also plans to undertake detailed geophysics over known areas of mineralisation to identify potentially larger mineral bodies at depth and determine drill targets.
Field exploration on Virgina and the previously announced Copper King area will begin once the tenement is granted later this month.
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