The prominent 5 kilometre north-south geophysical VTEM anomaly is on the northern extension of the Greys/Chapman mineralised corridor in the northern part of the Speewah Dome.
This anomaly is of significance given its size and depth and occurs in a location to have potentially been the major feeder zone for the Chapman corridor area, which lies only 2 kilometres to the south.
High grade gold/copper/silver rock chip sample assays have previously been identified and reported in areas only 2 kilometres south of this large VTEM anomaly.
The northern, steeply dipping VTEM conductor source has been modelled starting at 100 metres depth, and is co-incident with a zone of demagnetisation in the magnetic data.
These EM conductors are considered by King River to be significant new drill targets.
King River has never prospected any areas North of the Chapman area. So look out for onsite rock sampling to commence this week and a gravity survey commencing next week.
This will be followed up with a reverse circulation drilling once the targets have been refined.
Potentially, this is a very positive development for King River. Read the press release here.
Timeline
King River Copper Ltd Receives Research & Development Tax Rebate 2016
Speewah Metals Discovers Highest Ever Gold At Speewah Dome 2013
Speewah Metals’ renewed copper/gold focus delivers new targets for Speewah Dome 2012
King River Copper Ltd. – Speewah Metals is building a strong copper-gold exploration case for its Speewah Dome Project, highlighting 10 additional conductor targets. Re-modelling and interpretation of VTEM data also supports the other 13 litho-structural and geochemical targets that were previously identified.