Altona Rare Earths (LSE: REE) has concluded that its Kabompo South Project is prospective for IOCG copper mineralization, through geophysical and geochemical works.
Cedric Simonet, CEO of Altona, commented, “The data assessment carried out by Klaus and his team has clearly outlined a geological context favorable to IOCG mineralization, which are known to carry viable copper deposits in Zambia. The definition of a geological model to guide exploration is a necessary first step for any mining project and this represents a significant and exciting advancement for the Kabompo South project. I look forward to implementing the next exploration activities on the ground and updating our shareholders accordingly when the next set of results have been prepared.”
The company engaged the services of Earthmaps, a Namibian based geophysical services company headed by industry veteran Klaus-Peter Knupp, to assess the Kabompo South project’s geophysical and geochemical datasets, which include a high-resolution ground magnetometer survey covering over 50% of the licence.
The data assessment revealed that the licence is largely underlain by iron-rich Hook Granites intruding low metamorphic Kundelungu Group sediments at different depths; some of the intrusions being shallow and potentially sub-outcropping. One of the magnetic anomalies originating from the Hook Granites coincides with a soil geochemical anomaly marked by elevated copper values. Altona state that the conclusions are consistent with geological features observed on the ground in and around the Kabompo South licence area, including the characteristics of the Kamweji copper deposit and the widespread presence of hematite veins.
Overall, the results conclude that Kabompo South is prospective for IOCG copper mineralization.
Following this key and positive data assessment, the company will proceed with further exploration work at Kabompo South. The initial phases will include magnetic forward and inversion modelling, as well as an extensive soil geochemical survey that will allow the company to fully understand the geometry of the granite intrusions and associated structures, and to rapidly define initial drilling targets.
To read more about this, please visit https://www.altonare.com/
To read more news like this, please visit www.theassay.com/news
