C29 Metals Limited (ASX:C29) has finalized planning for a maiden drilling programme at its wholly-owned Mayfield base metals exploration project in the world class eastern fold-belt of the Proterozoic Mount Isa Inlier in Queensland.
The company’s IP survey has identified significant multiple chargeable and resistive anomalies over several of the previously delineated gravity and magnetic targets and was extended to cover strong chargeable anomalies heading north towards the Trekelano Mine pit.
The extension lines for the Trekelano South prospect returned even stronger chargeability anomalism open to the north, in a highly encouraging outcome. The company has subsequently designed a maiden reverse circulation drill programme to test the best targets from combined geophysical and geochemical responses.
The planned drilling is to comprise up to eight holes, dependent upon geological observations and drill performance on deeper holes, for a maximum of 2800m with contingencies. The initial six holes average around 300m depth, with some contingent metres available if observations demand.
Executive director Jeremy King commented: “This drill programme represents the culmination of a significant amount of technical work at Mayfield. It provides scope for the discovery of significant copper-gold and base metal mineralization to be made at each of the Trekelano South, Clarries, and Maiden Creek prospects. These prospects sit in in the world-class Mt Isa inlier proximate to other ASX players such as Carnaby Resources (ASX: CNB), Hammer Metals (ASX: HMX) and Cooper Metals (ASX: COE). They have received little in the way of previous modern exploration or adequate drill testing and we are genuinely excited to be delivering that for shareholders.”
To read more about this news release, please visit www.c29metals.com.au
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