- Sierra Nevada Gold (SNX) says IP survey expands sulphide footprint of copper-gold porphyry project
- The Blackhawk project is located in Nevada, USA
- The company says it’s defined both porphyry and epithermal systems at Blackhawk, with high impact targets ready to drill
- Blackhawk is one of five projects in SNX’s Nevada portfolio
- Company shares last traded flat at 48 cents per share at 1:44pm AEST
Sierra Nevada Gold (SNX) said an IP survey of its Blackhawk copper-gold porphyry project in Nevada, USA has expanded the sulphide footprint associated with the project.
SNX said it has defined both porphyry and epithermal systems at Blackhawk and has high impact targets ready to drill.
The company recently completed an extensional two-line program of Dipole-Dipole Induced Polarisation (DP-DP IP) which successfully expanded and better characterised the already defined sulphide shell.
The sulphide shell is considered an integral feature if porphyry deposits and its scale is generally equivalent with the size of the porphyry system.
Executive Chairman Peter Moore said the results from two new lines of IP geophysical data shot in the past few weeks confirm the Blackhawk porphyry is a very large-scale system.
“The new data expands the prospective copper-gold porphyry footprint and upgrades the identified priority drill targets that the company plans to drill in Q3 this year,” Mr Moore said.
SNX says it will combine this new data with the previously acquired IP data to complete a 3D inversion for enhanced system understanding and drill targeting.
Company shares last traded flat at 48 cents per share at 1:44 pm AEST.