Queensland-based copper explorer Coppermoly Limited (ASX:COY) (“the Company”) is pleased to announce the commencement of three dimensional induced polarisation (3DIP) ground geophysical surveys on its farm-in venture at Esk Trough, Queensland.
Esk Trough is in southeast Queensland, a four-hour drive northwest of Brisbane. Prospect areas are accessible by 4WD vehicle.
Coppermoly has elected to use the 3DIP survey technique at Esk Trough after applying it with success to its Nakru project on New Britain Island in Papua New Guinea in 2008. The results at Nakru showed sub-surface IP anomalies correlating with copper and gold mineralisation. The first drill hole into the centre of the Nakru-1 3DIP anomaly intersected 213.7m grading 0.92% copper and 0.33 g/t gold with an upper blanket of secondary enrichment of 13m grading 2.8% copper.
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