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Home Investors ASX Announcements Irindina Copper-Cobalt Project: First Pass Drilling Underway
Irindina Copper-Cobalt Project: First Pass Drilling Underway
First pass drilling has just commenced on the Irindina copper-cobalt project testing a very strong electromagnetic conductor and a nearby five kilometre long by one kilometre wide multi-element soil geochemical anomaly.
The project is situated within the highly prospective Irindina Province about 240 kilometres east of Alice Springs in a largely unexplored region of the Eastern Arunta Terrain near the northern margin of the Simpson Desert.  
The target area lies adjacent to the Basil Fault and 60 kilometres along trend from the large Basil massive sulphide deposit.  The Basil deposit contains about 90 million tonnes at 0.3% copper and 0.03% cobalt and is hosted within semi-massive iron and copper sulphide bodies which are highly conductive.