Cove goes drilling at Quartz Circle

/in /by

THE DRILLL SERGEANT: Cove Resources (ASX: CVE) has commenced the next phase of drilling at the Quartz Circle volcanogenic massive sulphide (VMS) project (80 per cent CVE), located in the Pilbara region of Western Australia.

Cove said it had been encouraged by the previous phase of drilling it had conducted at the project.

According to the company the results from this drilling have been further confirmed by recent electromagnetic (EM) geophysical modelling, which has identified a large EM target, at the Royal prospect.

The Royal prospect has become a priority drill target for Cove and is a key component of this next phase of drilling.

“The first phase of the RC/diamond core drill-hole program will be a three hole drilling program followed by select downhole electromagnetics to further define the mineralisation envelope,” Cove Resources said in its ASX announcement.

“The second phase of the core drill-hole program, pending results from the electromagnetic modelling, will include drilling to a total depth of more than 300 metres.

“Cove’s previous drilling at Quartz Circle confirmed numerous prospects within the project area contain open zones of mineralisation, and these will also be tested during the drilling program.”

 

A 3D representation of the Royal prospect EM anomaly at Quartz Circle. Source: Company announcement

 

The EM anomaly at the Royal prospect lies to the south of the main zones of mineralisation at Quartz Circle, and is over 1,000m wide and extends to 500m depth.

The Royal prospect anomaly is larger than the EM anomaly at the Igloo prospect, which hosts the existing JORC Indicated Resource at the Quartz Circle project of 93,000 tonnes at 2.92 per cent copper.

The Royal prospect also has several drill holes above and to the west of the main anomaly’s predicted source, that have delivered noteworthy silver results.

Cove’s VMS model for Quartz Circle predicts that silver mineralisation could occur as a halo around a copper-gold rich core.

Cove’s exploration at the Quartz Circle project is aimed to delineate clusters of gold-copper VMS deposits, spatially related to the very large complex EM anomaly, coincident magnetic features and multiple gravity anomalies.