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

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.

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.