Next phase for Syndicated Metals PDF Print E-mail
EDITOR   
Saturday, 17 November 2012 14:15

Syndicated Metals has commenced the next phase of exploration at its key Mt Isa Copper-Gold Projects in North Queensland. This work program is the first since the company’s recent capital raising and reflects its confidence in the prospectivity of its projects.

The exploration program includes follow-up diamond drilling at the recently discovered Yamamilla Copper Prospect, where recent drilling returned excellent results including intersections of up to 4m at 4.6 per cent copper and 10m at 2 per cent copper, and an initial program of drilling at the Dronfield Prospect, where a 5km long soil geochemical anomaly will be targeted.

Exploration will consist of: a 4-6 hole diamond drilling program (300m) at the Yamamilla Prospect; a 6-10 hole reverse circulation (RC) drilling program (1000m) at a number of prospects within the Dronfield tenements; and 40 line km of soil sampling at the Kalman West prospect.

The diamond drilling rig was mobilised to the Yamamilla Prospect on Thursday 15 November, with a RC rig expected to be mobilised to the Dronfield Prospect in approximately one week’s time.

Syndicated managing director Andrew Munckton said the new phase of drilling and exploration was designed to follow up some of the company’s best exploration targets in the Mt Isa region.

“We were very pleased with the results from Yamamilla, where we believe we have the potential for a large-scale copper system extending over some 2.5km, and we have for some time had very high regard for the potential at Dronfield and Kalman West,” Mr Munckton said.

“These programs – which should provide us with strong news flow leading up to Christmas and into next year – also show that we are putting our money where our mouth is, committing to a substantial exploration program hard on the heels of our recent capital raising.”

 



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