Project Highlights: Peake Project
CUS has been actively exploring the 100% ownedPeake Project and narrowed over 40 geophysical anomalies down to five high-priority drill targets on the fertile Karari Shear Zone and parallel structures.
These targets have been validated by conventional modelling, passive seismic surveys, and machine learning models against IOCG deposits Australia-wide. Effectively illustrating Cloncurry age and style of IOCG deposits (Similar style deposit to that of BHPs projects, listed above)
New drill target identified!
A geophysical survey completed in January has identified a significant chargeability anomaly of up to50mV/V strength, 3km in strike (>30mV/V) along a significant north-west (NW) structure crosscutting the Karari Shear Zone (KSZ)
Notably, the Company's first drill hole of 2023, drill hole 23PK01, identified copper sulphides and is considered a "near-miss" by CUS with significant evidence of IOCG-style mineralisation from assays of up to 0.45% Cu and 5.35 g/t Au.
An imminent drill program is focussed on the fertile Karari Shear Zone, targeting a large scale IOCG-style deposit.
Upcoming Catalyst
- Heritage survey planned to clear the southern area of the Paradise Dam Prospect, Douglas Creek Prospect and new drill holes for Richards Prospect.
- Imminent diamond drill program on the Paradise Dam prospect
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