Queensland-based copper explorer Coppermoly Limited (ASX:COY) (“the Company”) is pleased to announce successful completion of a three dimensional Induced Polarisation (3DIP) geophysical programme at the Sefton, Kakapo and Demonbanga prospects on its farm-in venture at Esk Trough, Queensland. Results from the Sefton prospect reveal a significant anomaly to be drill tested.
The Esk Trough region, north-west of Brisbane, is home to a number of significant multi-element mineral deposits.
The Esk Trough Project is located within a major transfer structure where increasing occurrences of mineralising events, such as the Booubyjan copper-gold porphyry and Sefton molybdenum porphyry, have been identified.
A large geophysical anomaly has been identified very close to the Sefton Prospect identified by previous explorers. The recent 3DIP geophysical survey undertaken by Coppermoly and project manager ActivEx Limited (ASX:AIV) shows a 300m x 500m, intense chargeability anomaly and sulphide target on the northern margin of the survey boundary.
The anomaly is open to the north and will be drill tested immediately following completion of the drilling currently underway at the Whitehorse and Kakapo copper-gold prospects at Esk Trough.
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