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| Queensland |
Exploration Advances with New Drill Targets
Antares Metals (ASX: AM5) has uncovered multiple drill targets at its Conglomerate Creek prospect, part of the Mt Isa North Copper-Uranium Project in northwest Queensland. High-definition gravity and magnetic surveys have revealed a 2km-wide intrusive body linked to key structures and discrete gravity-magnetic anomalies, suggesting the potential for large-scale mineralization.
The company believes these findings point to possible Mt Isa-style iron-oxide copper-gold (IOCG) deposits or other intrusion-related mineralization styles. To capitalize on these promising targets, Antares plans to commence drill testing once the second phase of its reverse circulation drilling program at the Surprise Copper Project is completed.
Drilling Plans and Future ProspectsAntares CEO Johan Lambrechts expressed optimism about the project’s potential, emphasizing the significance of exploring non-outcropping, subsurface mineralization. “Although maiden drill programs into untested, sub-surface targets can be daunting, we are excited by the potential of discovering something new,” Lambrechts stated.
The company is finalizing approvals for the second phase of drilling at the Surprise Copper Project, with environmental and on-ground clearances expected soon. Cultural heritage clearance will be obtained before preparing access tracks and drill pads. Site-specific geological reconnaissance will also be conducted to refine drill targeting.
Discussions with drilling contractors are in advanced stages, with a final contract decision imminent. Drilling at Conglomerate Creek is anticipated to begin in April and is expected to take approximately one week to complete.
Antares Metals continues to focus on its two district-scale exploration hubs within Australia, positioning itself as a key player in the country’s resource sector.
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