- Redbank Copper (RCP) has begun its field season at the Bluff deposit within its namesake project in the Northern Territory
- The company has finalised its exploration plans and budgets for the season with work commencing today and scheduled until November 30
- Multiple activities are planned to follow up on previous geochemical soil anomalies including an infill soil sampling and induced polarisation (IP) survey set for June 4
- Redbank is planning a maiden drilling campaign for later this year to test targets identified from the planned surveys and sampling work
- Further, the company says its JORC 2012 Resource for the copper project is advancing and is expected to be delivered some time this month
- Shares have ended the day 3.2 per cent lower at 9.2 cents apiece
Redbank Copper (RCP) has begun its field season at the Bluff deposit within its namesake project in the Northern Territory.
After securing seven tenements within the McArthur Basin in April, the company is the largest tenement holder in the eastern McArthur Basin covering 8791 square kilometres.
Now with exploration plans and budgets finalised for the season, work is set to begin today until November 30 2021.
Exploration has been designed to follow up on previous geochemical soil anomalies with the field and exploration team commencing infill soil sampling and an induced polarisation (IP) survey on June 4.
The infill soil sampling, along with gradient array IP, will aim to narrow down targets within an unexplored anomalous area east of the existing Redbank breccia pipe-hosted copper deposits.
Redbank said the anomalies that have never been drilled, together with the targets generated from a planned airborne electromagnetic survey and other planned sampling, will form the basis of the company’s maiden drilling campaign later this year.
So far, the company plans to undertake a combination of reverse circulation and diamond drilling across 10,000 metres in October or November this year, with first stage drilling plans set to be submitted for regulatory review and approval next month.
Additionally, Redbank says an updated JORC 2012 Resource for the copper project is advancing and is expected to be delivered some time this month.
Shares have ended the day 3.2 per cent lower at 9.2 cents apiece.