Fe Limited (ASX:FEL) is leveraged to any success from Sandifre’s new reverse circulation drill program that has commenced at the Morck’s Well project in Western Australia.
The Morck’s Well project is jointly owned by Auris Minerals (ASX:AUR) and Fe Limited.
Sandfire Resource NL (ASX:SFR) is farming into the project with the right to earn up to a 70% interest.
Sandfire looking for resources to feed nearby copper operation
Morck’s Well is 22 kilometres southwest of Sandfire’s 100%-owned DeGrussa Copper Mine.
Recent aircore drilling conducted by Sandfire intersected visible supergene copper mineralisation in the area.
Both aircore and reverse circulation drilling continues at Morck’s Well.
Targeting massive sulphide mineralisation
Sandfire’s managing director and CEO Karl Simich said: “It’s very early days in terms of the exploration of what is essentially a new and completely untested VMS horizon at Morck’s Well.
“Our goal is to establish the potential for meaningful accumulations of massive sulphide mineralisation as quickly as we can.
“The most effective way to do this is to use down-hole geophysics, which has the potential to identify conductive accumulations of sulphides within a broad radius of the drill hole, which can then be targeted with RC and diamond drilling.”