Silver City Minerals Ltd (ASX:SCI) has identified new copper-gold targets at the Copper Blow Project near Broken Hill.
Results from modelling of induced polarisation (IP) geophysical data suggest that copper-gold mineralisation associated with a magnetite-rich shear zone at Copper Blow is only part of a much larger zone of hydrothermal alteration.
This has the potential to host significant copper-gold mineralisation.
Rock chip sampling of new anomalies show they have a similar geochemical signature to Copper Blow.
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Silver City said the anomalies outlined by the IP surveys require more detailed follow-up to better define targets for drilling.
This work is scheduled to begin later in June.
As an initial geochemical assessment, a soil sampling program over anomalies “A” and “B” has been completed and results are pending.
The company is waiting for results from seven drilled holes completed during the recent program, which are likely to be received in late June to early July.