Written by Mark Gordon, Sipa Resources (ASX: SRI).
Recently completed drilling at the Obelisk prospect, testing below a 4km aircore copper anomaly, has identified a strongly mineralised core, with intersections of up to 102m @ 0.09% Cu and 46m @ 0.12% Cu; these intersections, that are to end of hole and finished in mineralisation, are also anomalous in Ag, Mo and W, with this element suite similar to that at other intrusion related deposits in the region, including Telfer (Newcrest), Magnum and Calibre (Antipa Minerals, ASX: AZY) – the anomalism is interpreted as a halo to a deeper mineralised system, with this being supported by coincident magnetic and gravity anomalies.
