Survey results confirm Pitfield’s copper potential

Highlights:

• DD-IP surveys have identified multiple drilling targets and provided further evidence to support the view that Pitfield has the potential to contain multiple sediment-hosted stratabound copper (SSC) deposits across a 40 km long, massive alteration footprint.
  • Identification of several anomalies with chargeable values that exceed the threshold that would be considered characteristic of the presence of disseminated sulfides.
  • These chargeable and highly resistive anomalies are closely associated with the magnetite-altered stratigraphy and are coincident with strong copper anomalism in both soils and rocks.
  • Located in the same vicinity as high-grade soil and rock samples that were recently collected, these chargeable anomalies add further evidence to support the possible presence of SCC deposits.
  • The highly chargeable anomaly detected in three DD-IP survey lines just southwest of Mt Scratch appears to be very extensive, covering an area of at least 1500 m in length and up to 800 m wide.
  • A second highly chargeable anomaly was identified in a DD-IP line 12 km south of and broadly along the same geological trend as Mt Scratch.
• Completion of the initial soil sampling and DD-IP surveying is expected in 1Q23 with a view to expediting a maiden drill programme at Pitfield, in order to better understand the geology and to determine the significance of these highly chargeable-highly resistive zones.

Shaun Bunn, Managing Director, comments:

“I am delighted to provide an update on our initial DD-IP survey activities, a reconnaissance mission focussing on areas that were previously under-explored by the major mining companies that have worked the area. These highly encouraging results from the DD-IP surveys suggest the presence of large, disseminated sulfide mineralised zones, thus providing multiple drill targets and providing another leap forward in our plans to commence drilling activities at Pitfield.

“Our immediate focus will be on drilling at the Mt Scratch Prospect, where we have identified a massive highly chargeable anomaly. It is important to note that the Mt Scratch Prospect on its own only represents 5% of the overall project area. The coincidence of multiple highly chargeable anomalies, extensive magnetite alteration and elevated copper in soils and rocks, extending over much of the 40 km long N-S massive alteration zone, supports our view that Pitfield has the geological hallmarks of a ‘Giant’ copper mineralised system, and we intend to continue our soil sampling and DD-IP surveying activities over the coming months to identify additional drill targets.”

Read the article online at: https://www.globalminingreview.com/mining/07022023/survey-results-confirm-pitfields-copper-potential/