SUMMARY
• A six-week drilling program has commenced at the Peake Project to test the high-priority Paradise Dam and Douglas Creek Prospects
• The first drill hole will test the Paradise Dam Prospect, which is defined by a strong chargeability anomaly of up to 50mV/V strength, 3km in strike length (>30mV/V)
• The second drill hole will test the Douglas Creek Prospect, which is a large-scale shallow classic IOCG-style coincident “Magnetics and Gravity” anomaly of 1400nT (mag) and 1.9mGal (gravity)
• The Company intends to release laboratory assay results progressively throughout the program as appropriate
• Regional exploration with a focus on gold prospectivity is underway in parallel with the current drilling
• Well-funded with over $4m cash after a recent capital raise of $2m. The two-hole drill program is budgeted to cost $0.8m
The compelling drill targets have been developed from $2m of geophysics data acquisition, $4m of drill testing and iterative refining of the exploration model from our highly credentialled technical team from an original 40 geophysical anomalies over the last three years.
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Learn more about the drilling program with the latest Investor Presentation.
MORE INVESTOR UPDATES
Drilling Completed at Douglas Creek IOCG Prospect, Peake Project
Copper Search Ltd (ASX: CUS) (Copper Search or the Company) is pleased to announce the completion of its third drill hole of the Winter 2024 Peake Drilling Program.
Drilling Update: Douglas Creek IOCG Prospect, Peake Project
Copper Search Ltd (ASX: CUS) is pleased to announce the completion of the second hole of the Winter 2024 Program and the commencement of an additional hole at the Douglas Creek IOCG
Prospect.
Quarterly Activities Report (June 2024)
Copper Search Limited (ASX: CUS) is pleased to present its Quarterly Activities Report for the period ending 30 June 2024.
Drilling Update – Paradise Dam Prospect, Peake Project
A six-week drilling program has commenced at the Peake Project to test the high-priority Paradise Dam and Douglas Creek Prospects.
Investor Presentation (June 2024)
Copper Search Ltd (ASX: CUS) is pleased to provide investors with the opportunity to watch an Investor Presentation from CEO Duncan Chessell given at the Gold Coast Investment Showcase in June 2024.
Drilling Commenced on High-Priority Copper Prospects
A six-week drilling program has commenced at the Peake Project to test the high-priority Paradise Dam and Douglas Creek Prospects.