Join our daily newsletter At The Bell to receive exclusive market insights
- GreenTech Metals (GRE) commences maiden drilling work at the Yannery copper prospect within its wholly-owned Whundo project in Western Australia
- The prospect was historically mined during the 1920s and 1950s, with high grades of between 13 per cent and 21 per cent copper reported
- GreenTech believes there is potential to “significantly” increase the copper resource through systematic exploration using modern geophysical techniques
- The company will also drill an additional hole at the project, targeting a strong conductor that was uncovered last year from a DHEM survey
- GRE shares are up 4.35 per cent and trading at 12 cents at 11:44 am AEDT
GreenTech Metals (GRE) has started a maiden drilling program at the Yannery copper prospect within its wholly-owned Whundo project in WA’s Pilbara Region.
The prospect lies between the company’s Whundo and Ayshia copper-zinc deposits. GreenTech said the Whundo project contained a cluster of associated VMS-style copper-zinc deposits along a strike length of approximately two kilometres.
The company believes there is potential to “significantly” increase the copper resource through systematic exploration using modern geophysical techniques.
During the 1920s and 1950s, the Yannery prospect was mined, reporting high grades of 13 per cent to 21 per cent copper.
More recently, exploration at the prospect in 2006, carried out by Fox Resources, delineated mineralised zones within the prospect outside of the historically mined area, pushing the case for follow-up exploration.
Fox Resources completed RC drilling for a total of nine holes, fixed loop electromagnetic (FLEM) surveying and downhole electromagnetic (DHEM) surveys.
GreenTech said it expects its maiden program to develop a better understanding of the geometry and thickness of the mineralised horizon and potentially extend known mineralisation.
The company also said it will also drill an additional hole at the Whundo project, targeting a strong conductor which was uncovered last year following a DHEM survey.
GRE shares were up 4.35 per cent and trading at 12 cents at 11:44 am AEDT.
