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- Exultant’s latest IP survey has defined as many as four priority target zones to test with Peak View drilling in New South Wales.
- Application sought for 15-hole program to start in coming weeks
- Untested western chargeability anomaly found to coincide with 1.1km gravity high.
Exultant Mining (ASX:10X) has identified multiple targets to test in an upcoming drilling campaign at the Peak View project in New South Wales. The company has been buoyed by positive results from a recently completed induced polarisation (Ip) and ground gravity surveys at the Peak View prospect as it prepares to kick off a maiden drilling program in April’s coming weeks.
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Both CY26 surveys were designed to test a 900-metre-long multi-element soil anomaly previously defined by the company’s soil sampling program.
The dipole–dipole IP survey comprised four east–west oriented lines, each 1.6km in length and spaced 200m apart with 50m electrode spacing. The ground gravity survey comprised 136 stations collected on a 100m by 100m grid.
Exultant’s executive chairman, Brett Grosvenor, said the IP and gravity datasets, together with reprocessed and inverted historic airborne magnetic-radiometric data, have materially improved the understanding of the structural architecture at Peak View and defined multiple high-priority drill targets.
“These results represent a major step forward in advancing Peak View toward drilling in the coming weeks. The geophysical surveys have defined multiple compelling anomalies and, importantly, provide context for historical drilling results within a broader structural framework.
“At a macro scale, this framework is highly comparable to that observed at major VMS deposits such as Woodlawn and Captains Flat, the latter of which lies along the same geological structure.
“We are highly encouraged by the strong coincident chargeability and resistivity response, which defines a compelling drill target and underpins our confidence in a potential new discovery at Peak View.
“We are now focused on final structural interpretation and drill hole design and look forward to commencing drilling in the coming weeks.”
Exultant will now be integrating and ranking its priority IP, gravity, and structural targets in its drill hole planning at Peak View.
10X is up +2.70% to 19¢. Mkt cap $6.919M.
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