Livewire Exploration Watch
RNI has reported rock types consistent with the mineralised systems at Degrussa and Monty in a drilling program for copper-gold targets in the Bryah Basin in central WA. The prospect is close to the Fortnum gold mine and approximately 100km west northwest of Sandfire’s Degrussa copper mine. Drilling encountered intense chloritic alteration accompanied by jasperitic arsenic-bearing rocks suggesting proximity to a mineralising feature (without certainty the feature is preserved). Enterprise Metals reported a nine hole scout drilling program targeting base metals at its Borg prospect south of the Bryah Basin had intersected predominantly pyritic and iron-altered carbonaceous shales with minor zinc sulphides. Meanwhile, the same company intersected similar rocks to that reported by RNI at Forrest on the prospective Vulcan Trend with a single hole testing an electromagnetic anomaly at Vulcan West. The Sandfire Resources/Talisman exploration partners have resumed drilling at prospects in the vicinity of the Monty discovery as well as another target (Homer) to the east of the Degrussa Mine. Each prospect could make a material difference to the duration of base metal operations in the area.
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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