Advance Metals Limited (ASX:AVM) (the Company) is pleased to the company has completed a JORC Exploration Target Report for the Garnet Creek Copper and Strategic Minerals Project in Idaho.
After reviewing and analysing all the data collected this summer several new exploration targets have been defined at the Garnet Creek Project: Targets A, B, C, and D. There is substantial opportunity for discovery at Target A as the site has not been disturbed by previous or significant mining activities, and it holds the largest of the copper anomalies The geology and exploration data indicate possible carbonate rafts and tactite-related mineralisation at depth.
Mineralisation has been observed within tactite cutting carbonate rafts or adjacent to the rafts within the quartz diorite; late formation of the tactites and transport of these fluids along cooling joints, fractures, or other structures is a key element of their formation, as is understanding whether or not the mineralised tactites define structural corridors.
The exploration targets from are all wholly contained within the Garnet Creek Project and consider targets near surface; combined, they represent a range from 2.76 – 5.51 Mt at grades of 0.5 – 1.5% Cu, 0.31 – 0.52 oz/Ag, and 0.15 – 0.5 g/t Au that may be present at or encountered within 100m depth.
The discovery of additional carbonate rafts at depths over 100 m could substantially increase the exploration targets. Disseminated mineralisation, like that, encountered at Copper Cliff or Red Ledge (each within 5.0 km of Garnet Creek), has been estimated by the USBM to reach 25Mt averaging 0.5% Cu; indicating the potential for additional targets to be explored within the Project and immediate area.
