young australian copper project ...

Young Australian Copper Project - Resource Drilling has Commenced Surface Geochemical Exploration – Two IOCG Targets identified with Encouraging Initial Indications

Initial program of 27 RC holes totalling 3,750m has commenced at QMC’s Young Australian project, south of Cloncurry, N.W QLD

• Young Australian agreement with Ivanhoe unconditional – QMC has exclusive right to explore six sub-blocks of Ivanhoe’s EPM 18912

• Surface geochemical surveys completed over the entire six sub-blocks (ca. 19km2) and a prominent 5km long geochemical trend established

• Two new IOCG targets at ‘Dega’ and ‘Trinity’ identified with the presence of anomalous copper in lag and soil, magnetic highs, potassic alteration and visible copper mineralization

• Young Australian project supports White Range deposits

http://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01345231