Renaissance Uranium (ASX: RNU) has intersected 12 metres at 0.42% copper from 186 metres to end-of-hole at the southern portion of the Glensea Prospect, within the company's Pirie Basin Project.
The strongly elevated copper interval from reconnaissance drilling at the prospect, suggests that elevated copper grades in this area may continue to greater depths.
The prospect is an area of strong gravity gradient adjacent to an anomalous magnetic zone. Elevated gold, uranium and rare earth elements associated with the copper intersection suggest possible IOCGU or Hillside-style mineralisation.
The company plans follow-up work to include more comprehensive basement drilling of the copper intersection, as well as more detailed geophysical surveying and drilling in the wider prospect area.
The Pirie Basin Project in the Eastern Eyre Peninsula of South Australia, is located within EL 3978. Renaissance has a right to earn a 75% interest in EL 3978 pursuant to an agreement with a subsidiary of Stellar Resources (ASX: SRZ).
Renaissance Uranium holds interests in eight projects covering about 18,000 square kilometres with tenements located in the key mineral provinces of South Australia and the Northern Territory.