THE DRILL SERGEANT: Encounter Resources (ASX ENR) has recently completed the application of advanced exploration technologies at the company’s Yeneena copper-cobalt project in the Paterson Province of Western Australia.
Encounter Resources, in collaboration with Independence Group (ASX: IGO) conducted a large scale (approx. 100-line km) magnetotelluric (MT) survey at the Yeneena project.
The MT survey was part of the company’s 2019 program that was designed to define the 3D geology and identify large scale copper targets by applying several advanced exploration technologies for the first time at the Yeneena project including:
The large-scale (MT) survey to better define the Yeneena basin architecture and further advance 3D target definition;
Detailed 3D audio-magnetotelluric (AMT) inversion modelling over the Aria iron oxide copper-gold prospect in order to better define possible conductive zones associated with significant Cu sulphide mineralisation;
End-of-hole trace multi-element geochemistry of historical AC drilling to define alteration footprints of copper deposits and the host rocks, which remains in progress; and
Application of new surface geochemistry techniques to detect base metal anomalies through shallow sand cover, the trial phase of which is complete with follow up sampling programs in progress.
The work completed to date has generated a suite of new copper targets at Yeneena.
“The Paterson Province is a highly fertile district with enormous potential for new copper discoveries under thin sand cover,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.
“Applying new technologies is providing us with an improved understanding of the geological framework in areas where we have already drilled high grade copper mineralisation.
“These new targets generated are now being integrated and refined to be ready for drilling in the 2020 field season.”
The Yeneena project is an alliance between Independence Group and Encounter, under which IGO may, at any time before 1 March 2020, elect to enter an earn-in agreement to spend up to $15 million to earn a 70 per cent interest in the project.
The Yeneena project was recently expanded by 20 per cent through an option agreement completed covering 235 square kilometres of ground adjacent to Yeneena.
The speculation will begin with the new drilling season.
The current upside is that we are forming a base off higher lows.
chooch, you always show not held, are you a holder or an interested party?
