Managing Director Ed Turner says the first batch of results did not deliver the results the company expected. “But importantly we have learnt a lot geologically which is important for future exploration work,” Turner says. “Multiple quartz veins, which were not observed at surface, were intersected in numerous holes, and the alteration assemblage present in IOCG deposits was also observed in many holes.
“This gives us encouragement that at Darwin we may have a significant mineralised system, as yet undiscovered, particularly in relation to the southern IOCG targeted holes that are possibly ‘near misses’.”
Turner notes that geological mapping has also uncovered new areas with strong potential for porphyry-style mineralisation. “We are looking forward to the next phase of exploration and drilling over the Darwin and Three Saints projects and the receival of the pending assays,” he says.
To date, drilling has focused on areas with historical workings and proven mineralisation within the tenement boundary. A portion of the project remains untested.
The Darwin Project lies in a region that hosts numerous copper deposits and gold-rich IOCG deposits, such as Carola which contains 10 million tonnes @ 1.8% copper and 0.5 grams per tonne gold, and Atacama Kozan which contains 50 million tonnes @ 1.6% copper and 0.35g/t gold.
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