Syndicated kicks off new round of drilling in Queensland

THE DRILL SERGEANT: Syndicated Metals (ASX: SMD) has kicked off the next phase of exploration at the company’s Mt Isa copper-gold projects in North Queensland.

The exploration program is to include follow-up diamond drilling at the recently-discovered Yamamilla copper prospect.

 

Syndicated Metals’ Mount Isa copper-gold projects, showing northern and southern project hubs. Source: Company announcement

 

Syndicated received encouraging results from recent drilling at Yamamilla, including intersections of up to 4 metres at 4.6 per cent copper and 10 metres at 2 per cent copper, which the company released to the ASX in October.

The upcoming work will also entail an initial program of drilling at the Dronfield prospect, where a 5km long soil geochemical anomaly will be targeted.

Exploration will consist of:

–    A 4 to 6 hole diamond drilling program (300 metres) at the Yamamilla prospect;

–    A 6 to 10 hole Reverse Circulation (RC) drilling program (1,000 metres) at a number of prospects within the Dronfield tenements; and

–    40 line kilometresm of soil sampling at the Kalman West prospect.

“We were very pleased with the results from Yamamilla, where we believe we have the potential for a large-scale copper system extending over some 2.5 kilometres, and we have for some time had very high regard for the potential at Dronfield and Kalman West,” Syndicated Metals managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“These programs – which should provide us with strong news flow leading up to Christmas and into next year – also show that we are putting our money where our mouth is, committing to a substantial exploration program hard on the heels of our recent capital raising.”