Marmota Energy (ASX: MEU) has defined a greater than 1.2 kilometre copper target for immediate drill testing at the West Melton Copper-Gold Project on South Australia’s Yorke Peninsula.
The project is situated at the southern end of the world class, Olympic Copper Gold Province, with the area highly prospective for Iron Oxide Copper Gold deposits, with Olympic Dam Prominent Hill mines, Carrapateena, Hillside projects and the historic Moonta-Wallaroo mines.
At West Melton, infill geochemical sampling had confirmed large scale copper and gold in calcrete geochemical anomaly.
Individual calcrete sample assays ranging up to 197ppm copper were returned. This is comparable to results recorded at other prospects on neighbouring tenements where follow up drilling of geochemical anomalies of this tenor has intercepted high grade mineralisation.
Ground geophysical surveys were commissioned in early 2014 complementing Marmota’s acquired data, defining coincident gravity and magnetic anomalies associated with the copper and gold-in-calcrete anomaly.
Modelling of the results indicates that potentially mineralised bodies could be as shallow as 15 metres.
Shallow aircore drill testing of priority targets within the defined copper anomaly is planned to commence on 11 March.
Several drill holes are also planned adjacent to the historic Areena workings, where mining was undertaken in 1863.
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