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- Conglomerate Creek prospect hosts seven high-priority geophysical anomalies.
- Reverse RC underway at target two as first subsurface test of target suite
- Comprehensive campaign advancing further drill targeting
- Previous sampling returned up to 21.30% copper
Antares Metals (ASX: AM5) is set to test the large Conglomerate Creek prospect where seven high-priority geophysical anomalies have been identified.
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A maiden drilling program is now underway at Conglomerate Creek, part of the company’s Mount Isa North copper project located in northwest Queensland.
The seven high-priority geophysical anomalies are interpreted to be associated with an intrusion identified from the company’s 2024 geophysical data.
The current reverse circulation (RC) drill program, comprising approximately 1,000m, marks the first sub-surface testing of the seven high-priority, buried geophysical anomalies identified across the prospect.
Rock chip sampling from the prospect returned exceptional surface grades of up to 21.30% copper, 1.72 grams per tonne (g/t) gold and 506 g/t silver, confirming the presence of a high-grade, intrusion-related mineralising system that has never been drill tested.
MD, Terry Topping, said the discovery of numerous mineralised vein systems at the 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.
“When our team returned rock chip results of 21% copper from Conglomerate Creek last year it confirmed what geophysics had been suggesting — high-grade mineralisation at surface, sitting above targets that have never been drill tested,” he said.
“Since then, we have been doing the work to give us the best chance of intersecting that system at depth. Refining our targets, completing the environmental and heritage approvals process, and designing a program to effectively test these geophysical anomalies at depth.
“The RC rig is now turning — the first drill bit ever put into these anomalies — and we look forward to sharing results with shareholders in the coming weeks.”
Mr Topping said this 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 the first drill program now commenced, Antares is well placed to deliver highly anticipated first-pass drilling results in the coming weeks.”
AM5 is steady at 0.7¢. Mkt cap $5.992M.
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