ASX:PUA

Copper Mineralisation Extends Across Earaheedy Project

Peak Minerals Limited (ASX: PUA) (Peak Minerals or the Company) is pleased to announce results from its drill program at the Earaheedy Project completed in June 2021. The purpose of the drill program was to:

  1. Test previously identified, near surface, copper anomalism and
  2. Test the potential for basement mineralisation at the Cork Tree and Merah Prospects.

Highlights:

  • Drilling confirms and extends historic copper mineralisation at Cork Tree and Merah Prospects
  • 26 air core holes drilled totaling 1,280m, intersections of particular interest were:
    • 3m @ 1.57% Cu from 86 m to EOH
      • Including 1m @ 2.16% Cu
    • 4m @ 1.2% Cu from 21m (EHAC0024)
      • including 1m @ 4.12% Cu
    • 6m @ 0.35% Cu from 27m (EHAC0022)
    • 3m @ 0.31% Cu from 52m (EHAC0024)
  • A mineralisation envelope (1.1km by 2.0km) defined by historic sampling programs has been extended to the south by 1km and indicates proximity to primary mineralisation.
A total of 26 holes were drilled with a final meterage of 1,280m (See Appendix A: Table 1). Drilling was aimed at stepping out from recorded historic mineralisation, except for two holes which were drilled within 10m of known mineralisation to confirm grades. Stepping out from the mineralised envelope yielded significant results; 1.57% copper in EHAC0012 from 86m (See Figure 1). The mineralisation is hosted in sediments with chert horizons. The full extent of this mineralisation at depth is not known as the hole ended early when the rig was unable to penetrate further. Summary of intersections are shown in Table 1.


This article includes content from Peak Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

PUA:AU
The Conversation (0)
Corazon Mining

Corazon Mining


Keep reading...Show less
Billboard with the word "tariffs" and stars against a cloudy sky.

Trump's Copper Tariffs: Market Impact and How to Invest

Tariffs have been central to Donald Trump’s presidency even before he assumed office at the start of 2025.

From his perspective, levies on nearly all US imports are meant to balance a trade deficit with major partners, including Canada, Mexico, the EU and the UK, while stimulating domestic production in key sectors.

Trump has put forward other reasons for tariffs as well, saying he wants to stem the flow of illegal drugs and immigration, and mentioning broader national security concerns. How effective tariffs would be at controlling these issues is unclear, but they have sown uncertainty and chaos through global financial markets.

Keep reading...Show less
Copper ore in foreground, with world map showing countries in copper on black background.

Top 5 Copper Reserves by Country

Copper has become a hot topic due to its role in the green energy transition and its necessity for urbanization. However, the lack of incoming supply in the long term has experts concerned.

Due to its importance in construction, energy transmission and new technologies, copper is a critical metal needed to power the future of our society. However, mined supply has not kept pace with demand, with few new operations coming online, and older mines facing decreasing grades and lower outputs.

The term “peak copper” was coined because some experts believe that copper reserves may be diminishing. According to the US Geological Survey (USGS), more than 700 million metric tons of copper have been mined throughout history, and current economic global copper reserves stand at 980 million metric tons.

Keep reading...Show less

Latest Press Releases

Related News

×