Sponsored

C29 Metals (ASX:C29) delineates exploration targets on Sampsons Tank copper-gold Project - Kalkine Media

August 29, 2022 03:29 PM AEST | By Nitish Kumar
Follow us on Google News:

Highlights

  • C29 Metals undertook airborne VTEM and soil geochemical sampling operations over Sampsons Tank Project.
  • Processing of the VTEM survey has identified three bedrock conductors over the project area.
  • Coincident VTEM conductor and soil anomalism has delineated priority targets as well as new exploration targets on the tenure.

 

The ASX listed mineral explorer C29 Metals Limited (ASX:C29) has published results of the airborne geophysical survey and soil geochemical sampling operation undertaken across its Sampsons Tank Project located in New South Wales.

C29’s Sampsons Tank Project is prospective for copper and gold mineralisation. The exploration targets on the project area are deformed, remobilised high-grade Besshi-type VAMS (volcanic associated massive sulphides).

C29 roped in UTS Geophysics to fly the airborne Versatile Time Domain Electromagnetic (VTEM Max) survey and magnetic survey over the Sampsons Tank Project. Around 521 line-kilometres was surveyed and took about two days to complete.

Map showing VTEM flight course and interpreted bedrock anomaly (Image source: C29 update, 24 August 2022)

Image description: Geophysical interpreted map

The airborne geophysical survey delineated three bedrock conductors, with one of them coincident with an elevated soil anomalism and two exploration targets. The coincident VTEM A conductor is located immediately adjacent to the Corsair prospect. This prospect is the highest priority exploration target on the project tenure.

Anomalous copper in soil overlies a magnetic anomaly at Corsair and the addition of an electromagnetic conductor indicates a very interesting exploration story emerging over there and instills confidence in the exploration model. C29 plans to explore Corsair prospect further using geophysical methods to assist in identifying drilling targets.

For more information on exploration activities of C29, click here.

Soil geochemical sampling

C29 in its soil sampling program collected nearly 700 samples from the northern sector of the tenement. The sampling program was undertaken to infill and expand the existing soil grid over the Corsair and Mustang prospects. The company recorded a modest copper anomalism up to 32ppm from the multiple samples close to these two prospects.

TMI RTP Magnetic Map

Location of samples in the soil geochemical program overlain on TMI RTP Magnetics (Image source: C29 update, 24 August 2022)

Assay result of soil geochemical program (Image source: C29 update, 24 August 2022)

Commenting on the results of the geophysical and soil geochemical operation, C29’s Executive Director, Mr Mark Major, said that the results validate the exploration model and the techniques deployed by the company’s exploration team. He further said that the locations of the other two VTEM conductors are in the area which have not being explored using modern technology and methods and will be the focus of future exploration methods.

Data source: C29 update, 24 August 2022

What’s next?

C29 intends to drill test the existing prospects, Corsair and Mustang, through RC drilling, during the summers when the land is not under crop. The company might also move for ground geophysics comprising electromagnetic and induced polarisation to further refine the drill targets on the prospects.     

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK