Encounter Resources Drilling at Aileron in Joint Venture with Newcrest

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has commenced drilling at the company’s Aileron gold-copper project Joint Venture with Newcrest Mining (ASX: NCM), located in the West Arunta region of Western Australia.

The Aileron JV has had no previous mineral exploration carried out on the project, although gold/copper anomalism has been identified within the region.

The initial anomaly to be drilled tested has been modelled utilising close spaced aeromagnetic data, as a steeply dipping 500m by 200m magnetic body starting from around 50m below surface.

“Aileron is a large scale gold-copper opportunity in a new region,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“The target is interpreted to be a discrete, pipe-like, magnetic body located on a major regional structure.

“The magnetic anomaly is modelled to be under shallow cover and in an area of no previous mineral exploration.

“Success in this initial program would focus attention on the underexplored West Arunta.

“The Joint Venture controls a dominant land position in the district with tenure covering over 70 strike kilometres of the belt.”

The Aileron drilling is co-funded through a WA Government drilling grant of up to $150,000 under the Exploration Incentive Scheme.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au