Rincon Resources Limited (ASX:RCR) has identified numerous targets for its planned exploration activities at its Kiwirrkurra Copper-Gold Project, located in the West Arunta Region of Western Australia.
Independent geophysical consultants, Resource Potentials, were commissioned to source open-file geophysical, geological, surface geochemical and historical drilling data, and compile, re-process and interpret the data as part of a comprehensive review and targeting program at the Company’s highly prospective Kiwirrkurra Copper-Gold Project.
Thirteen priority targets have been identified within the project area, including two high-priority IOCG drill targets at the Pokali Prospect.
CEO, Gary Harvey, said the company has begun planning a maiden 3,000m RC and diamond drilling program to test the two high-priority IOCG targets at Pokali, and subject to all necessary statutory approvals and heritage survey clearance, drilling at Pokali is scheduled to commence H1 2022.
The review also identified prospective areas to the east of the current project area and the Company has applied for three new exploration licences, increasing its project landholding to approximately 200 sq. km.
“The results of this review and targeting exercise now underpins our exploration strategy for the Kiwirrkurra Copper-Gold Project where significant widths of copper mineralisation have already been drilled in widely spaced holes at Pokali,” Mr Harvey said.
“Two high-priority IOCG-style targets adjacent to this known mineralisation have been identified with drill planning well underway. Rincon has also significantly expanded its tenement position in the West Arunta with three new strategic exploration licence applications along the prospective IOCG corridor.”
The Pokali Prospect is an underexplored, IOCG-style target, which outcrops and is mineralised from surface. Wide spaced historical drilling at Pokali is relatively shallow in context of the potential size of the mineral system. This is based upon broad copper mineralised zones in drilling, surface geochemical anomalism, strong magnetic, and gravity geophysical signatures. Several drillholes reported elevated copper mineralisation (+1.0% Cu grades) at end-of-hole with mineralisation remaining open at depth. Minimal exploration activity has been conducted at Pokali since 2012.
High-Priority Drill Targets at Pokali
Re-modelling of the historical IP data at Pokali showed several apparent coincident resistivity and chargeability anomalies, which have not been properly tested by historical drilling. The Pokali North target is considered a high priority and drilling is planned to test this area as part of the Company’s maiden drill programme scheduled for early 2022.
A total of 13 targets were identified at Pokali for follow-up work, with two targets identified as Priority 1, five are Priority 2 and six are Priority 3. A further six targets were identified regionally within E80/5241, of which two are Priority 1 and four are Priority 2.
For further information please visit: https://www.rinconresources.com.au/
