Source: C29 Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • C29 Metals (C29) commences a geochemical survey over the P-47 and P-54 exploration targets at its Sampson Tank project in NSW
  • Data review of historical work shows areas for immediate follow-up targeting high-grade deformed and remobilised ‘Besshi-type’ volcanic associated massive sulphides (VAMS)
  • The company has recognised the prospective stratigraphy extending further north beneath alluvial cover on C29 licence
  • C29 plans to complete the current soil geochemical survey to extend and infill historical areas and reaffirm and define the full extent of the geochemical anomalism
  • Shares have ended the day trading flat at 18 cents

C29 Metals (C29) has commenced a geochemical survey over the P-47 and P-54 exploration targets at its Sampson Tank project in New South Wales.

The company said a data review of historical work showed areas for immediate follow up including a 1200-metre by 350-metre copper-gold-cobalt anomaly at P-47 and an 800-metre by 600-metre anomaly at P-54.

It plans to target high-grade deformed and remobilised ‘Besshi-type’ volcanic associated massive sulphide (VAMS) copper-gold deposits.

Additionally, multiple targets have been generated with open extensions and regional opportunities.

The company has recognised the prospective stratigraphy extending further north between alluvial cover on C29 license. Furthermore previous exploration was being directed towards tin, tungsten and platinum with only the very recent exploration looking at moderate to high grade copper-gold deposits.

The company also plans to expand a soil program to uncover copper-gold anomalies over the two historically identified prospects.

C29 plans to complete the current soil geochemical survey to extend and infill historical areas and reaffirm and define the full extent of geochemical anomalism. This will be followed by a heliborne survey in February 2022.

Shares were trading flat at 18 cents at market close.

C29 by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Index rises on Trump’s election | November 7, 2024

Energy was the strongest performing sector, up 2.3%, followed by Industrials, up 1% and Financials, up…
C-130 in flight

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

Quickstep Holdings (ASX:QHL) has received a takeover offer for 40cps, sending shares 100% higher as the…
Market Close Graphic

ASX Market Update: Bourse dives in reaction to Trump’s election | November 7, 2024

Wall Street hit fresh records overnight as Donald Trump was voted in by the people for…
Image of a lithium brine project

Pantera begins drilling of maiden test well at Smackover

Pantera Minerals Ltd has commenced drilling of its first test well at the Smackover Lithium Brine…