UXA commences Stuart Shelf drilling

THE DRILL SERGEANT: UXA Resources has commenced a drilling campaign at the company’s Stuart Shelf project.

The Stuart shelf project is located in the Olympic Dam-Prominent Hill area of South Australia.

 

Project location. Source: Company announcement

 

UXA’s joint venture partner and project operator Straits Resources (Straits earning 70 per cent interest) has commenced a diamond drill program.

The joint venture comprises nine tenements covering some 3,300 square kilometres situated within the Olympic Dam-Prominent Hill area, which is renowned for its prospectivity for world-class copper-gold and uranium deposits.

The Winjabbie prospect is one of the joint venture’s drill targets.

Previous drilling carried out by UXA at Winjabbie intersected 42 metres at 0.34 per cent copper.

“Stuart Shelf is located in one of the most highly prospective regions for world class copper gold deposits in the world today, so we are excited to see drilling commence on the project,” UXA Resources managing director Dr Russell Penneysaid in the company’s announcement to the Australian Securities Exchange.

“This represents the second drilling program launched in the past two months for UXA, having commenced an eight hole Phase 2 drilling campaign at our flagship Dome 5 zinc lead silver prospect near Broken Hill, New South Wales in early December.”