Historical exploration has mapped a copper-bearing trend over 8km. Recent surface rock chip samples have returned grades up to 29.9% copper with silver assays up to 36ppm. Executive Chairman
'The very limited exploration undertaken there highlights the enormous potential, with strong evidence of a significant mineralised system over a large area. 'Having the support of the local community is also a huge advantage and we look forward to generating exploration success which will benefit them.
AZA006, 1m at 0.40% Cu from 40m and 1 metre at 0.47% Cu from 73 m
TAZRC002, 15m at 0.12% Cu from 1m and 35m at 0.12% Cu from 25m (EOH)
Historic data indicates the presence of native copper in a basalt host, indicative of MichiganStyle copper prospectivity, while copper mineralisation mapped at Russell's Gossan is hosted in meta-sediments, giving rise to areas of untested sediment-hosted copper prospectivity.
Given the limited drilling and the significant extent of the surface expression of copper, the Company believes significant areas of the project remain under-explored. As part of the agreement,
The central tenement E80/4944 hosts a significant number of copper occurrences within the basalts of the Red Rock Formation including exposures of native copper as veinlets and as nuggets. The host rock to the copper mineralisation is a massive, silicified basaltic unit within the Red Rock Formation. Nuggety chunks of native copper and bornite are often present within the basalts. Secondary copper minerals (malachite and azurite) are common along joints and cracks. Epidote alteration, mainly along fractures, is widespread.
Limited historic drilling has been restricted to the Azura Prospect, with logging indicating native copper and disseminated sulphides, which due to sampling error, are not represented in the assay results. Surface rock chip sampling of the area indicate multiple >1%Cu grades. The known mineralisation, specifically native copper mineralisation, the host rock stratigraphy and the complex history of faulting and folding within the Halls Creek Orogeny provide significant encouragement for Michigan Style Copper mineralisation to be found within the
Exploration Strategy
An extensive field mapping and sampling campaign is being planned to firm up drilling targets and collect additional full-suite multi-element data over key target areas where gold, platinum-group elements and rare earth element data is missing from the data set.
Preparations are underway for an inaugural drilling campaign targeting this field season
Update on the Stavely-Stawell Project Regional Aircore Drilling Program
The Company's initial aircore drilling campaign on its
Contact:
Tel: +61 8 6148 1000
Email: info@batteryminerals.com
Battery Minerals Competent Person's Statement
The information in this report that relates to Exploration Targets, Exploration Results or Mineral Resources is based on information compiled by
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This ASX Announcement does not constitute an offer to acquire or sell or a solicitation of an offer to sell or purchase any securities in any jurisdiction. In particular, this ASX Announcement does not constitute an offer, solicitation or sale to any
Forward-Looking Statements
This announcement contains 'forward-looking statements' within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'believe', 'continue', 'objectives', 'outlook', 'guidance' or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Gippsland Prospecting and any of its officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Exploration potential is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. Readers are cautioned not to place undue reliance on forward-looking statements and Gippsland Prospecting assumes no obligation to update such information.
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