In an update to the ASX this week, Ironbark reported that it was lifting exploration activity at Captains Flat with a high-tech, helicopter-borne electromagnetic survey known as HeliSAM over the Jerangle prospect. The survey is expected to begin at the end of the month.
Jerangle presents as a tantalising target, with prior drilling by Ironbark and Glencore in 2012 producing great results over a 1.5km strike, including assays up to 5.25% copper. Drill hits include a 4.4m intercept at 12.05% zinc and a 42.2m intercept at 2.0% zinc and 0.31% lead, including 1.1m at 12.05% zinc and 0.91% copper.
The new airborne EM survey will be the first large-scale, modern geophysical survey over the Captains Flat project area, and could be a crucial tool in unravelling the geology at the southern end of what is a prodigiously rich metal belt.
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