- Copper Search (CUS) says it’s on track to begin drilling in the Emu Creek area of the Billa Kalina Project in South Australia
- An initial two holes are due to be drilled to a depth of up to 500 metres to investigate the nature of basement rocks and test for possible alteration and mineralisation associated with anomalous magnetic and gravity features
- The company says its maiden drilling campaign is set to begin by early October 2021
- Copper Search is up 3.80 per cent, trading at 41 cents per share at 1:52 pm AEST
Copper Search (CUS) said it’s on track to begin drilling in the Emu Creek area of the Billa Kalina Project in South Australia.
An initial two holes are due to be drilled to a depth of 500 metres to investigate the nature of basement rocks in Emu Creek. This will be used to test for possible alteration and mineralisation associated with anomalous magnetic and gravity features.
Copper Search CEO and Executive Director Peter McIntyre said it was a great result to hit the ground running after the successful listing of the company on the ASX.
Prior to listing on the ASX, the company applied for a North Titan Exploration Licence, El 6669, located around 55 kilometres north of Roxby Downs.
The exploration licence has been offered for grant to Copper Search by the South Australian Department for Energy and Mining, located close to the Titan, West Titan and Vulcan prospects.
“The grant of EL 6669 adds another dimension to the company’s exploration portfolio, and the new Spring Hill application will help to secure important ground between the Ruby Hill and Peake and Denison project areas where some very interesting targets are being worked up prior to drill testing,” Mr McIntyre said.
“In addition, we are very keen to get the drills turning at Billa Kalina so we can get a first look at the rocks between the Prominent Hill and Olympic Dam copper-gold mines. This area is right in the heart of the Gawler Craton.”
The company said its maiden drilling campaigned was set to begin by early October 2021.
Copper Search is up 3.80 per cent, trading at 41 cents per share at 1:52 pm AEST.