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- Comprehensive new field campaign underway at Conglomerate Creek
- Program supporting maiden drill testing of high-priority geophysical anomalies
- RC program designed to provide first subsurface test of target suite
Antares Metals (ASX: AM5) has commenced exploration at the Mount Isa North copper project in northwest Queensland with a new field campaign underway at Conglomerate Creek.
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The program is building on the high- priority copper, gold and silver targets mapped and sampled in 2025 when chip sampling returned exceptional surface grades of up to 21.30% copper, 1.72 grams per tonne (g/t) gold and 506 g/t silver.
MD, Terry Topping, said sampling has confirmed the presence of a high-grade, intrusion-related mineralising system that has never been drill tested.
“When our team returned rock chip results of 21 percent copper from Conglomerate Creek last year, it confirmed what the geophysics had been telling us – there is something significant buried beneath this ground,” Mr Topping said.
“Since then, we have been doing the systematic work in preparation for drilling: refining our targets, completing the environmental and heritage approvals process, and designing a programme that gives us the best chance of intersecting that system at depth. That work is now near complete. We are on track to have the RC rig turning at Conglomerate Creek in late May – the first drill bit ever put into these anomalies — and I am looking forward to sharing results with shareholders in the weeks that follow.
“The discovery of numerous mineralised vein systems at the Conglomerate Creek prospect, combined with the geophysical and geochemical results from field activities and the subsequent high grades of copper, gold, and silver, offers further encouragement for the potential existence of a large-scale copper mineralised system, driven by the Conglomerate Creek intrusion as its heat source.”
A 1,000m reverse circulation (RC) drill program designed to test the first of seven buried geophysical anomalies beneath the prospect is targeted to commence in late May. Heritage and land access agreements have been secured and surveys completed.
The upcoming drill program represents the first-ever drill test of the Conglomerate Creek geophysical anomalies, a target set that has been progressively de-risked though magnetic and gravity surveys, structural mapping and vein system identification and systematic rock chip sampling over the past 12 months.
“With approval tracking to schedule and targets defined, Antares is well placed to deliver highly anticipated first-pass drilling results in the weeks following commencement,” Mr Topping said.
AM5 is steady at 0.8¢. Mkt cap $6.420M.
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