- Peak Minerals (PUA) defines interpreted intrusives under the phase 1 aircore drilling program at its Green Rocks Project in Western Australia.
- Drilling began in November 2021 to test the Rixon, West Copper Hills, West Rinaldi and Target C targets to confirm the prospectivity
- Drilling at the Rixon Target intersected up to 2.52 per cent copper while drilling at Target C intersected up to 0.63 per cent nickel
- A moving loop electromagnetic (MLEM) survey is scheduled for May and will be followed by reverse circulation and diamond drilling
- Peak Minerals Limited (PUA) was trading at $0.18 at close on April 13
Peak Minerals (PUA) has defined interpreted intrusives under the phase 1 aircore drilling program at its Green Rocks Project in Western Australia.
Drilling began in November 2021 to test the Rixon, West Copper Hills, West Rinaldi and Target C targets to confirm the prospectivity.
The program confirmed that the southern position of the Rixon target is the most prospective and has the potential to host significant mineralisation.
Drilling at the Rixon Target intersected up to 2.52 per cent copper while drilling at Target C intersected up to 0.63 per cent nickel.
Based on these results, an additional hole was drilled to the east of the first hole in the phase 2 aircore program.
A moving loop electromagnetic (MLEM) survey is scheduled for May and will be followed by reverse circulation and diamond drilling.
“The program’s purpose was to test geochemical signatures of intrusions within the Lady Alma Igneous Complex (LAIC) building off work done at Lady Alma and Copper Hills prospects,” CEO Jennifer Neild said.
“As we layer each piece of evidence, we see consistencies repeatedly. We can apply the learnings from Lady Alma to exploration targets within the Green Rocks Project.”
Peak Minerals Limited (PUA) was trading at $0.18 at close on April 13.