Peak Minerals Ltd (ASX: PUA) is preparing to drill test promising results from a Moving Loop Electromagnetics (MLEM) survey completed recently at Copper Hills in Western Australia.
The survey has confirmed conductivity downdip and north of the Down Hole Electromagnetics (DHEM) target at Copper Hills completed in 2010.
Both modelled plates dip towards a deeper VTEM target (~450-500m), which now requires diamond drill testing.
The plates are thought to represent disseminated copper mineralization which is generally seen above more significant mineralization.
In 2021, Peak drilled 37m at 0.67% Cu, the diamond holes planned for the upcoming programme at Copper Hills will target the deeper VTEM anomaly and aim to intersect geology at an ideal angle in an area, which to date, has been completely untested.
Diamond drilling will also take place at Rixon, to follow up the Lady Alma-Rixon gabbro contact area and coincident historical VTEM anomaly, and at Earaheedy to follow up VTEM targets, which have not been properly tested with shallow historical drilling.
The working mineralization model has changed to a Copper VMS model with the new geology interpretation. The wide late-time conductive zone on the NW end of the Earaheedy prospect will also be investigated further.
Historical gridded geochemical sampling shows weak barium and tellurium anomalies over the area and 2021 field work mapped breccias.
The combined A$312,000 awarded to Peak under the Western Australian Government’s EIS, will be applied towards these diamond drilling programmes.
“It is now time to diamond drill test the Rixon and Copper Hills areas. The depth of interpreted mineralization requires a reliance on the strong geological modelling from geochemistry and geophysics that has been undertaken in the past year,” CEO, Jennifer Neild, said.
“Despite having many historical holes and samples across the ground, the area hadn’t been sampled for all elements needed to effectively target mineralisation until Peak picked up the ground. Adding to the excellent historical geological mapping, we’ve further defined areas of interest where indicator elements and elemental ratios overlap with geophysical anomalies.
“At Earaheedy, we are looking forward to getting back on the ground to follow up these geophysical anomalies defined by VTEM. The recent reprocessing of geophysics at both Green Rocks and Earaheedy has given us cause to re-examine our preconceived notions about the geology and I’m incredibly excited to see what comes out of the ground.”
For further information please visit: https://www.peakminerals.com.au/
