One RC hole for 136 metres (SCRC001) was drilled beneath a copper-gold anomalous ironstone within a strong magnetic anomaly and coincident “red-rock” alteration zone.
Scalper is located in the same stratigraphic position as the Andy’s Hill and Overlander IOCG targets 6-10km to the north and immediately east of the Overlander Granite.
The drill hole intercepted strongly altered calcareous sediments with abundant magnetite and a broad zone of copper anomalism containing a central high grade interval of copper-gold-silver mineralisation. The hole did not fully penetrate the alteration zone and was still mineralised when terminated.
Results from HSRC001 include:
- 23 metres at 1.1% Cu and 0.27g/t Au from 77 metres including:
- 12 metres of 1.9% Cu and 0.45g/t Au from 87 metres
The intersection also contained anomalous levels of the light rare earth element lanthanum (up to 1210 ppm La over a 1 metre interval). Lanthanum is considered a key pathfinder element for IOCG mineralisation and is also present at Andy’s Hill.
The results of this initial hole are considered highly encoraging for an open pittable copper-gold resource and a follow-up drilling program is planned.