Western Australian gold and copper explorer Rincon Resources (ASX: RCR) is preparing to commence a Phase 2 extensional drilling programme at the South Telfer Copper-Gold Project in Western Australia.
The company has also been successful in its application for a grant of a maximum of $75,000 towards diamond drilling at the South Telfer under Round 24 of the Western Australian Government Exploration Incentive Scheme (EIS Grant).
The EIS Grant will co-fund the diamond drill testing of the prospective new deep approximately 300m below the Hasties Prospect, where recent and successful RC drilling in August-September 2021 focused on the outcropping Hasties Mains and Hasties South-East zones.
Managing Director, Gary Harvey, said the EIS Grants for the South Telfer and Kiwirrkurra Projects strengthens the Company’s existing treasury of $3.39 million.
“We are appreciative of the support of the Western Australian Government as we expand drill testing of the Hasties Prospect at South Telfer,” Mr Harvey said.
“Our maiden drilling programmr was very successful in defining broad zones of significant copper-gold mineralisation at both the Hasties Main and Hasties South-East zones.
“The upcoming programme will now test extensions to these zones, including the untested gap between the two zones and the high priority Hasties Deeps target.
“Given we are less than 12km from the world-class Telfer Gold Mine, we are excited by the prospectivity at Hasties.”
Phase 2 Drilling Programme at the Hasties Prospect.
The Phase 2 drilling program at the Hasties Prospect is due to commence mid-November 2021, subject to receipt of the final Heritage survey report and clearance to drill.
This programme will test extensional target areas along strike and at depth including those identified from the Gradient Array Induced Polarisation (GAIP) geophysical survey over the greater Hasties Prospect area, completed earlier in 2021. Phase 2 comprises up to 5,000m of combined RC and DD drilling with the EIS co-funded DD drilling component scheduled to commence from December 1, 2021.
Diamond drilling will specifically test the newly defined Hasties Deeps target, approximately 300m below and central to the Hasties Main and Hasties South-East zones.
The Hasties Deeps target is associated with an anticline folded and dome shaped intrusive dolerite sill. The Company is targeting Telfer Dome (quartz-dolomite-sulphide reef and breccia/stockwork) and Havieron (sulphide and breccia) style mineralisation, potentially associated with the anticline contact zone between dolerite sill and overlying sediments, the potential source of the GAIP resistivity high anomaly. Diamond core will provide detailed information about the alteration, mineralisation, and structural controls to the copper-gold mineralisation intersected in the previous RC drilling as well as providing vectors to other deeper drill targets.
For further information please visit: https://www.rinconresources.com.au/