Nickelsearch (ASX:NIS) has found more instances of visible copper at surface on-site its soon to be acquired Mt Isa North project.
The mineralisation was spotted at the Moonside target area of interest from two previously unsampled areas. Both were within 100m of previously tested areas turning back rockchip grades of 30% copper and 3% copper respectively.
Meanwhile at the Conglomerate Creek target area of interest, copper was found in outcropping. Nickelsearch noted on Monday that target is part of a historical geotech report pointing towards a potential copper system by way of anomalies in soil.
Notably, that anomaly extends for 6km – but drilling will be needed to prove anything for sure. Surrounding geology at Conglomerate, in the company’s eyes, is also potentially conducive for copper mineralisation.
Rock chip samples taken from Moonside in this latest run will be assayed within the next 4-6 weeks. Both target areas of interest discussed on Monday have been snubbed by modern drilling.
A third target area called Surprise is set to be drilled in the December quarter with a 1,500m RC drill run lined up and currently in discussion.
“That only limited exploration has occurred over this prime tenure … is amazing and an excellent opportunity for NickelSearch,” NIS EC Mark Connelly said.
“We are looking forward to commencing our maiden drilling program.”
NIS last traded at 1.5cps.
Join the discussion: See what HotCopper users are saying about Nickelsearch and be part of the conversations that move the markets.