Peak Minerals has completed a drilling program at the Earaheedy Project, with the help of an $132,000 EIS grant.
The program included two diamond holes under the EIS program and an additional RC hole to follow up a previous intersection of 3m of 1.5 per cent Cu from 86m drilled by Peak in 2021.The two diamond holes were drilled to test mineralisation models, faults and stratigraphy.
Understanding the stratigraphic, mineralisation relationships and alteration at Earaheedy are crucial to unlocking value and progressing the project.
The program was designed to provide further understanding on faults (potential fluid conduits) and the elevated copper (Cu), nickel (Ni), cobalt (Co), zinc (Zn), lead (Pb) and sulphur (S) values in an extensive (1.1km by 2km) blanket.
The first diamond drill hole targeted a VTEM anomaly near the previously identified copper blanket, testing the depth to basement and mineralisation potential proximal to faults.
The second diamond drill hole was designed to test the conceptual mineralisation model, targeting the interpreted footwall contact between the ferruginous siltstones and underlying dolomites.
VTEM anomalies and geochemical anomalies were used to guide the second hole’s position.
With the drill rig onsite and having successfully completed the diamond holes, Peak Minerals took the opportunity to add an RC hole to the program to follow up on the 2021 intersection of 3m of 1.5 per cent Cu from 86m, which ended in mineralisation.
Samples are being sent for assaying, with results expected in Q2, 2023.
Peak Minerals CEO, Jennifer Neild, said the drilling program testing VTEM anomalies at Earaheedy is complete, providing further insight into the geology and stratigraphy in the area.
“We believe the Yerrida and Earaheedy Basins hold great potential for further copper discoveries beyond the known copper mineralisation. We look forward to sharing these results, expected in Q2, 2023,” Ms Neild said.
