RE: Images4 Jun 2019 13:11
Cheyeza West Target
The Cheyeza West target is approximately 7km west of Cheyeza East, where historical drilling at Cheyeza East has intersected zones of pervasive copper mineralisation.
The Cheyeza West target area is characterised by:
· A historic EM anomaly identified in the east, it is possible that this represents a conductive unit such as sulphide rich sediment
· Well defined radiometric anomalies, both thorium and potassium, are coincident with the historic EM anomaly
A large 3 x 3km copper in soil anomaly has been identified with at least three identified localised highs with up to 504ppm Cu. The airborne survey highlighted a 4 x 6km area of irregular magnetic response that is interpreted as a potential alteration zone
A recent preliminary field visit to the Cheyeza West target area noted the presence of sulphide pseudomophs within altered calcareous sediments, a similar rock type that hosts other local Cu deposits. In addition, both co-incident historic electromagnetic ("EM"), magnetic and radiometric anomalies have been identified over this central 9km2 area.
Lumbeta Target
The Lumbeta target area, another one of the new target areas is associated with the crest of a northerly plunging fold. Structural features such as these are important as they can act as a mineralisation trap. The Lumbeta target is also characterised by:
· An almost 11km long elevated copper in soils anomaly with values up to 580ppm Cu
· A large zone of irregular magnetic response possibly representation alteration
· Several isolated, but well defined, historic EM anomalies
The location of these new target areas appears to be higher up in the stratigraphy in the central part of the license, which has not been previously explored.
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