Asian Battery Metals PLC (ASX: AZ9) has reported that detailed geophysical studies and scout drilling conducted at the Copper Ridge prospect has confirmed a copper mineralization to depth from the surface with potential for associated gold based on anomalous surface assays.
The style of mineralization appears unrelated to the company’s exciting Oval (Cu-Ni) Project which is also in the Yambat Project area.
Gan-Ochir Zunduisuren, managing director, commented, “We are excited about an early indication of a prospective mineral system at Copper Ridge Cu-Au prospect. Our scout drilling effort was challenged by tough ground conditions and logistics, but we have completed scout drillhole CR0S1A, which intersected a great length of anomalous and mineralized copper in strongly altered metasedimentary until close to end of the drillhole. This shows the promising copper potential in the area and encourages further exploration. Extensive untested parallel magnetic and IP anomalies indicate the possibility of large amounts of mineralization in the area.”
In addition, correlation of high-chargeability, high magnetic and metal factor anomalies have been observed in the geophysical surveys and correlate with surface mineralization and geological features. Multiple prominent anomalies composed of high magnetic, high-chargeability, low resistivity anomalies are present.
A comprehensive geological and geophysical survey is planned on Copper Ridge Cu-Au targets in 2024.
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