Tag: Iron Oxide Red
Regional drill program testing over twenty individual iron oxide redcopper-gold and silver-lead-zinc targets progressing on the Mount Isa projects. Assay results from drilling on the
Oonoomurra and Corkwood projects return broad intervals of low-grade copper
mineralisation in hydrothermal breccia.
New airborne electro-magnetic survey data over Lakes project in South Australia defines stratigraphic and structural uranium targets north of the Beverley and Four Mile uranium
deposits and a possible extension to the paleo-channel hosting the Goulds Dam uranium
resource into Red Metal's tenement. Detailed interpretation is in progress in preparation for
drilling.
Diamond drilling scheduled to begin during the June quarter on a range of new gravity anomalies targeting hematite associated iron oxide redcopper-gold mineralisation on the
separate Peake and Denison, Algebuckina and Robins Rise projects in the Gawler Craton,
South Australia.
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