If you are doing exploration in SA and you are in the Olympic Cu Au province drilling most gravity or magnetic anomalies will come up with IOCG related alteration with or without copper.
The alteration itself is not uncommon, its blitzed half the state.
The point here is that they are discovering mineralization outside of what is the agreed prospective ground and more importantly and very rarely, that alteration and the copper numbers are associated with Au. It might seem low but its presence, particularly as HG in that one meter is highly significant.
There is a really good presso here on the discovery of PH:
https://www.aseg.org.au/sites/default/files/09_Hart_Geophysics-of-the-Prominent-Hill-IOCG-Deposit.pdf
The amazing thing is how close they got and missed the orebody on the first go.
The really exciting thing here is that the stock is ultra primed to 3 bag on any encouragement and 50 bag on a actual discovery.
All IMHO and DYOR,
CC
Ann: Assays Confirm IOCG Style Mineralisation at Peake Project, page-8
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