SUMMARY
Bottletree Copper Prospect (Greenvale)
• Results from BTDD011, BTDD012 and BTDD013 drilled during the 2023 drilling program, were reported on during the quarter.
• 3D geological and mineralisation modelling.
• Conducting 3D inversion modelling of high-resolution ground gravity survey data.
• The Company was awarded a $300,000 Collaborative Exploration Initiative (CEI) critical minerals grant for the drilling of two deep holes targeting a modelled porphyry core during the 2024 field season.
Cockie Creek Porphyry Copper Prospect (Greenvale)
• Results from CCDD007, being the last hole drilled during the 2023 Cockie Creek Prospect drilling program were reported to the market.
• Highly positive results have been returned from each of the holes, including confirmation:
o that Cockie Creek is a porphyry Cu-Au-Mo system that is potentially of Ordovician age, similar to the Macquarie Arc deposits in NSW;
o that Cu mineralisation is developed over a significantly greater area than historically understood; and
o the porphyry Cu mineralisation is of relatively high grade in porphyry deposit terms.
• Current Mineral Resource Estimate: 13MT @ 0.42% Cu (0.25% Cu cut- off grade) (JORC 2004), based on strike length of 1.2kms and a maximum depth of 250m.
• Two large, intense IP chargeability targets at depth beneath the defined structurally controlled mineralisation corridor, remain to be investigated by drilling.
Steam Engine Gold Project
• Processing Options Study progressed with independent consultants.
• Planning of Resource expansion and exploration drilling programs was conducted.
Read the announcement via this link