- Peak Minerals (PUA) has confirmed the presence of copper mineralisation at three of its projects in WA’s Kimberley region
- Rock chip sampling at the McGowan project identified three gossans associated with an interpreted mafic intrusion, with assays at one gossan returning 22.1 per cent copper
- Samples from Lamboo confirmed historic nickel-copper soil anomaly, while samples from Deadhorse returned encouraging anomalism in under-explored areas
- Peak plans to use the results to help guide its mid-2022 field program in the Kimberley
- PAU opened Thursday’s trading session at 1.8 cents each
Peak Minerals (PUA) has confirmed the presence of copper mineralisation at three of its projects in WA’s Kimberley region.
The materials stock has been carrying out rock chip sampling at its McGowan, Lamboo and Deadhorse projects in the area.
McGowan has returned the most promising results, with three gossans identified at the site, all of which are believed to be associated with an interpreted mafic intrusion measuring 8 kilometres by 3.4 kilometres.
One of the gossans, named Gossan A, returned best assay results of 22.1 per cent copper, 3.08 grams per tonne gold and 35 grams per tonne silver.
The other gossans, located northeast of Gossan A, also returned best assay results of 10.65 per cent copper.
At Deadhorse, PUA reported the rock chip samples showed encouraging anomalism in an under-explored area, including assay results of 2.58 per cent copper.
Meanwhile, sampling at Lamboo helped confirm the presence of a historic nickel-copper soil anomaly at the site.
Peak Minerals plans to use the results to help guide its planned field grogram in the Kimberley next year.
Peak’s CEO Jennifer Neild says she was pleased with the rock chip sampling results from McGowan in particular.
“We are excited about the potential of these underexplored asset,” Ms Neild said.
“The high copper values at McGowan are particularly encouraging and require more detailed geophysical assessment and drilling to define the source of the copper.
“The geochemistry at Deadhorse and Lamboo is helping us define the exploration models with more confidence and allowing us to vector in on target areas.
“I’m pleased that Peak now has a plan and the resources to progress these projects.”
Company shares opened Thursday trading at 1.8 cents each.