C29 Metals Ltd (ASX:C29) (C29 has started an Induced Polarisation (IP) geophysical survey over its 100% owned Mayfield copper-gold exploration project on the Mt Isa inlier in Queensland.
The IP is a follow up to the company’s identification of multiple high-quality gravity and magnetic targets in February.
The targets were discovered from the extensive ground gravity survey completed in 2022, which it combined with 3D-modelled magnetic data. They will be tested by completing 46.7 line kilometres of dipole-dipole-induced polarisation survey work with a line spacing of 400 metres.
This will assist in the identification of sulphide and silicic zones with the potential for mineralisation via both chargeability and resistivity data which highlight areas of potential mineralisation and quartz vein/silicic alteration intensity. This data is key for the completion of subsequent drilling planning and design.
Mayfield gravity survey anomalies and planned induced polarisation lines.
“We are excited at the opportunity that Mayfield presents. Historically, it is tenure which has not benefited from modern exploration but it clearly sits within a region that is significantly endowed with base metals and gold,” C29 executive director Jeremy King said.
“This IP program, combined with the recently completed gravity survey, are key steps to developing high-quality copper-gold drill targets and potentially unlocking significant value.”
Drill program in the works
C29 has one again partnered with highly experienced and well-respected Australian Geophysical Services (AGS) to complete the survey. The companies have a strong relationship, with AGS completing a similar program C29’s 100% Sampson’s Tank copper exploration project in New South Wales.
The IP survey is expected to take around four weeks to complete with a further two weeks required to process and present the acquired data.
Once processed, the company intends to plan an appropriate drill program which it expects to start in the third quarter of 2023.