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
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