THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has pegged six new project areas covering 14,800 square kilometres in the Northern Territory.
Encounter Resources said it had pegged the ground based on potential to contain large, sedimentary-hosted and IOCG style copper deposits.
The areas lie in a highly prospective but vastly underexplored region under shallow cover located between the major copper-gold producing districts of Mt Isa and Tennant Creek and came to the company’s attention via new datasets provided by Geoscience Australia, as part of the Federal Government’s Exploring for the Future Program.
The application for new exploration licences comprise the Elliott and Jessica copper projects in the Northern Territory.
Elliott was the first project secured by Encounter in the Northern Territory.
The project comprises seven tenements covering more than 4,500sqkm, four of which covering over 3,000sqkm were granted in March 2020.
The Elliott project is located on the Stuart Highway which runs along the western margin of the project.
The second project – Jessica, covers approximately 5,500sqkm along key structural corridors east of Tennant Creek and is prospective for sedimentary-hosted copper and IOCG style deposits.
Access to the project is via the sealed Tablelands Highway that traverses the western side of Jessica.
“Copper sourced from sedimentary-hosted deposits is one of the largest sources of copper metal in the world today,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.
“The potential for sedimentary-hosted copper deposits to be found under thin cover in the Northern Territory is being opened up through the interrogation of new government datasets.
“Encounter moved early and aggressively to secure a series of camp scale, first mover opportunities in this new frontier.
“Early exploration has yielded exciting results which we will now seek to build on.”
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