Scalper

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.

Scalper Significant Intercepts

HoleID   Interval
(m)
From
(m)
Cu
(%)
Au
(g/t)
Co
(g/t)
Cu
(%)
Cut-off
SCRC001   58 73 0.58 0.13 211 0.1
SCRC001 Incl 23 77 1.1 0.27 352 0.3
SCRC001 Incl 12 87 1.9 0.45 577 1
SCRC001 & 4 108 0.45 0.08 247 0.3
SCRC001 & 5 123 0.48 0.10 199 0.3