Dampier Gold identifies Apex drill targets

THE DRILL SERGEANT: Dampier Gold has received results from a Mobile Metal Ion (MMI) soil geochemistry program recently conducted on the Apex copper prospect at the company’s 100 per cent-owned Plutonic Dome project located in central Western Australia.

 

Plutonic Dome project simplified geology and deposit/prospect locations. Source: Company announcement

 

Analysis of the multi-element assay data has outlined two compelling copper targets.

The company said these targets are coincident with fault structures interpreted from the available aeromagnetic and gravity geophysical coverage over the area.

Dampier has a program of drill testing for these anomalies scheduled to commence early in the June quarter once all approvals have been received.

In the company’s announcement to the Australian Securities Exchange, Dampier Gold chief executive officer Richard Hay described the outcome of the Apex geochemistry program to be, “highly encouraging with two drill-ready targets identified coincident with prominent fault structures evident on the available gravity and aeromagnetic survey data.”

“Drill testing is the next logical step in ascertaining the source to this extensive supergene copper anomaly.”

The soil geochemistry program has also identified several new areas of copper anomalism the company said requires follow-up evaluation.

Dampier also conducted analysis on a suite of pathfinder elements commonly associated with copper sulphide deposits.

It said these displayed a notable absence other pathfinder elements such as arsenic, antimony, lead and zinc associated with the main copper anomalies at Apex.

The company considers the geochemical attributes of Apex to be comparable to other nearby copper-dominant sulphide deposits, such as Ventnor Resources’ Thaduna and Green Dragon projects, where the copper mineralisation characteristically lacks common pathfinder elements.