THE DRILL SERGEANT: Encounter Resources (ASX: ENR) recently completed IP and AEM surveys at the company’s 100 per cent-owned Lamil copper-gold project in the Paterson Province of Western Australia.
Encounter Resources said the surveys had “highlighted compelling new targets” at the Lamil project.
The Lamil project covers an area of around 61 square kilometres 25km northwest of the gold-copper mine at Telfer, owned by Newcrest Mining (ASX: NCM) and 40km north of Encounter’s own Yeneena copper-cobalt project, also in the Paterson Province.
Encounter completed an AEM Survey at Lamil in September 2019 to cover an area previously covered by an IP survey that was completed in August.
The geophysical surveys have combined to produce an enhanced geological interpretation and structural setting of the project area and have highlighted two new drill targets.
Target 1 is an untested chargeability anomaly below thick zones of copper-gold anomalism that was subjected to historical drilling by Newmont in the 1980s.
Targeting gold, this drilling intersected shallow thick zones of strong copper-gold anomalism.
The IP survey highlighted a semi-coincident chargeability anomaly below the broad zones of copper and gold anomalism intersected by the shallow historical drilling.
Encounter indicated this target will be drill tested by one or two diamond holes to a depth of 300 metres to determine if the chargeability anomaly represents a stronger accumulation of copper-gold mineralisation.
Target 2 is a group of untested IP chargeability anomalies discordant to stratigraphy.
These chargeability anomalies were identified across the three southern IP lines adjacent to a corridor of magnetic anomalism.
Historical drilling targeted on the magnetics intersected copper sulphide mineralisation.
The chargeability anomalies were not tested by the prior drilling.
Encounter is confident that drilling at Target 2 will determine if the chargeability anomaly represents stronger sulphide development associated with higher grade copper-gold mineralisation.
“The recently completed IP and AEM surveys have defined new compelling drill targets at Lamil,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.
“These surveys have also significantly enhanced the geological interpretation at Lamil where previous drilling has intersected thick zones of copper-gold mineralisation.
“These exciting new drill targets will be tested in an EIS co-funded drill program planned for early in the new year.”
Lamil has been awarded a competitive EIS co-funded drilling grant of up to $150,000, which is available from January 2020.
Encounter indicated the drill targets defined in the IP and AEM surveys will be tested in a co-funded drill program early in the new year.