OZ Minerals Limited
(ASX:OZL) plans to begin a $2.6 million field program to explore for copper gold deposits at Mount Woods.
The work forms part of the exploration joint venture with IMX Resources Limited
(ASX:IXR) and will involve diamond core drilling.
The exploration activities are subject to relevant approvals.
The Mt Woods JV campaigns are focussed on the southern domain of the Mt Woods inlier, which hosts the western extension of the Prominent Hill Mine.
IMX managing director Neil Meadows says the miners look forward to the results in its fourth year of the exploration program.
Oz Minerals generated a net profit of $152 million for its 2012 financial year.
