Encounter Resources Meets Copper Sulphides in First Drilling at Jessica IOCG Project
THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has been encouraged by copper hits from the first two drill holes completed at the Zeta target at the company’s Jessica copper project in the Northern Territory.
The Jessica project deposits is being explored under a farm-in agreement with South32 and covers some 10,300 square kilometres along structural corridors east of Tennant Creek and is considered prospective for sediment-hosted copper and IOCG style.
Two diamond drill holes have been completed at the Zeta target a coincident gravity and magnetic anomaly associated with a discrete seismic reflector.
Encounter reported first drilling at Zeta has intersected a number of key IOCG indicators including:
Chalcopyrite/bornite in thin quartz-carbonate veins;
Intense and pervasive red rock hematite alteration; and
Bimodal felsic volcanic-basalt sequences (indicating a major, long lived structure).
“South32, our farm-in partner at Jessica, has informed us that observations from the first drill holes at the Zeta target have provided encouragement for the targeted IOCG copper model,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.
“In a previously unexplored region of the NT, both holes drilled have intersected red-rock hematite alteration together with copper sulphides contained in quartz–carbonate veins.
“The 6,500 metres diamond drill program at Jessica/Carrara is ongoing with drilling to continue through to November 2023.”
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