Cove to drill new exploration target at Quartz Circle
THE DRILL SERGEANT: Cove Resources is about to embark on a drilling campaign focused on the Royal EM anomaly located within the Quartz Circle VMS project, located southeast of Port Hedland in the Pilbara region of Western Australia (Cove 80 per cent interest).
The company said it believes the Quartz Circle project contains widespread copper, gold, silver, zinc, and lead with classical Volcanogenic Massive Sulphide (VMS) alteration and metal zonation.
Cove has recently completed drilling and new geophysical Electro-magnetic (EM) modelling at Quartz Circle, which it said has strengthened and confirmed the potential of the project to host large copper-gold bodies within the mineralised VMS system.
The large Royal EM Anomaly and significant drilling results in the surrounding lease. Source: Company announcement
The company has interpreted the data it received from this drilling data to have provided insights into the structural and geochemical features of known mineralised bodies.
This information will be used to guide the drilling of the Royal anomaly.
The recent drilling activity also confirmed for the company that a number of prospects within the project contain open zones of mineralisation.
“The EM anomaly at the Royal prospect lies to the south of the main Quartz Circle zones of mineralisation (including Igloo) and is over 1000 metres wide and extends to 500 metres depth,” Cove Resources said in its ASX announcement.
“It is important to note that the Royal anomaly is much larger than the Igloo EM anomaly, which is the geophysical signature of a small Indicated Resource of 93,000 tonnes grading 2.92 per cent copper, (previously delineated and announced).
“Also, the Royal anomaly has several drill holes above and to the west of the main anomaly’s predicted source, with significant silver results.
“The Cove VMS Model for Quartz Circle predicts that silver mineralisation could occur as a halo around a copper-gold rich core.”
The planned exploration activity is aimed to delineate clusters of gold-copper VMS deposits at Royal spatially related to the very large complex electro-magnetic anomaly, coincident magnetic features and multiple gravity anomalies.
Given its size, extent and position within the large Quartz Circle VMS system, Cove regards the EM anomaly to deserve immediate drill testing.
Cove said it intends to test Royal with a ten hole, two phase program which includes downhole electro-magnetics.
Phase 1 of this program will be composed of an initial three holes drilled to test the main anomaly and examine alteration within the anomaly envelope.
