C29 Target Sampson’s Tank Copper

30 May 2023 10:28
ASX: C29

C29 Metals have uncovered a number of new high-priority targets at its Sampson’s Tank Copper Project in New South Wales through an extensive induced polarisation geophysical survey.

Taking Aim at Copper Targets

Completed by highly experienced contractor Australian Geophysical Services, the 39.5 line kilometres survey focused on two large targets that were previously identified based on the results of an airborne VTEM survey flown over the Project last year combined with the findings of detailed soil geochemistry and gravity survey analysis.

The survey identified a number of chargeable and resistive targets identified within the two zones, which when combined with the aforementioned 3D inverted magnetics data, the airborne VTEM anomalies and the soil geochemistry anomalies, resulted in the identification of a number of high-priority drill targets.


Figure 1: The Sampson’s Tank IP survey chargeability zones and resistive zone and the copper soil geochemistry with the resulting drill target highlighted in green

A total of seven lines of induced polarisation were taken from the Project in a north-south orientation spaced 300 metres apart, with this data then being used to create 3D models of the target areas.

The strong correlation between the two models created by the survey gives C29 high confidence in their accuracy, believing they are a good representation of the subsurface chargeable material distribution.

Ramping up to Drill

With targets identified, C29 is getting to work planning and scheduling, with the potential program being designed to test the best of the many targets the Project now offers.

And being located in the emerging VAMS Cu-Au basin home to other successful projects like the ~50Mt @ ~2% Cu Tritton Cu-Au Mine and the ~7Mt @ 1.2% Cu Tottenham discovery, it’s obvious as to why C29 is eager to put the drill to this exciting project.

The Company said its technical team is now reviewing this data in detail to “unlock the mineralisation story indicated by the IP, magnetics, VTEM, geochemistry and current geological knowledge.”

C29’s Australian Stock Exchange-listed is currently selling at 13c (1.33 pm UTC+ 8 hours).


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