Multi-mineral explorer Golden Deeps Ltd (ASX:GED) is launching a new program of drilling at its Havilah project in New South Wales to test priority copper-gold targets connected to identified soil anomalies and other exploration groundwork.
Starting with an initial ten holes, the work will comprise between 1,260 and 2,500 metres of both reverse circulation and diamond drilling, seeking to delineate what is believed to be porphyry-volcanics-hosted mineralisation.
The targets fall into two categories: the first comprises two zones of surface copper mineralisation at the prospects of Hazelbrook and Hazelbrook North – where rockchip values of more than one percent copper have been found associated with large soil anomalies, and visible copper mineralisation connected to the ‘Ordovician Sofala Volcanics’. Here, four holes will be drilled.
Secondly, Golden Deeps will run a six-hole drilling program over an area where strong sub-surface IP anomalies have been found, connected to the contact zone of the ‘Sofala Volcanics’ within the aureole of the Aaron’s Pass granite.
The company is guided by indicators suggesting that targets at Havilah have similar geophysical features as major projects in the surrounding Lachlan Fold Belt, such high-grade porphyry deposit Ridgeway, which held 155 million tonnes at 0.73 grams per tonne of gold with 0.38 percent copper.
CEO Jon Dugdale said he was excited about pursuing these targets, given their prospectivity for porphyry-volcanics hosted copper-gold discoveries.
“Our drilling program of up to 10 RC and diamond holes will test the extensive zones of surface copper mineralisation as well as the strong, sub-surface IP anomalies, which could represent copper with gold sulphide mineralisation in Ordovician volcanic rocks or porphyries,” he said.
“This is a similar setting to other major deposits in the world-class Lachlan Fold Belt, such as Cadia-Ridgeway and North Parkes.
“Having completed our site clearances and engaged with drilling contractors, we look forward to kicking off our drilling program as soon as our drilling permit applications are approved by the NSW Government.”
Golden Deeps has been trading at 3.9 cents.