Encounter Resources Announces IGO Diamond Drilling at Yeneena
THE DRILL SERGEANT: Encounter Resources (ASX: ENR) informed the market this morning that its Joint Venture partner IOG (ASX: IGO) has commenced diamond drilling at the Yeneena copper-cobalt project in the Paterson Province of Western Australia.
Exploration at Yeneena is operated and funded by IGO under a $15 million exploration earn-in agreement.
Encounter Resources explained that exploration at Yeneena is focused on discovering high-value sediment-hosted copper deposits.
The strategy implemented by IGO involves the collection of primary datasets, with techniques used to acquire geological, geochemical and geophysical data.
Recently, 2021 aircore drilling assays were incorporated into a regional 3D model, which has been created through the integration of historical and modern datasets.
Regional target areas have been identified from the model, defining sub-basins the JV believes could contain similar rocks to those found at Nifty copper mine.
Diamond drill testing of these targets will be completed during the 2022 field season.
“We are pleased to be partnering with IGO towards unlocking the considerable copper potential of the Paterson Province of WA, demonstrated by the recent discoveries in the region at Winu and Havieron,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.
“The planned 2022 activities represent a significant program of high impact drilling targeting sediment hosted copper.
“A number of new and innovative exploration techniques have been applied to generate these high priority drill targets.
“The planned six-hole program of deep diamond drilling by IGO is a substantial investment in copper exploration at Yeneena.
“This drilling, coupled with the upcoming diamond drilling at our 100 per cent-owned Lamil prospect in the Paterson Province and by BHP at the Elliott copper project in the Northern Territory, means that the second half of 2022 is shaping as one of the most eventful drilling periods in Encounter’s history.”
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Web: www.enrl.com.au