Further exploration opportunities found at Yorke Peninsula

Yorke Peninsula could be home to further gold reserves, following analysis of recent assay results from the site. Investigator Resources found there is particular potential for iron oxide copper gold (IOCG) to be found in the area.

Two diamond core holes – known as Roundabout and Spyall – were drilled at the Northern Yorke Peninsula. Material from both holes was sent for analysis and the team now believes there is significant exploration potential throughout the area.

One of the most notable findings was the 37-metre interval of anomalous gold at one of the holes. Previous drilling undertaken at the site had shown the gold to be either at or below the detection range. These latest tests show that the peak value is the greatest ever seen by Investigator Resources in the region.

Managing Director John Anderson said: “The elevated gold and copper results continue to show there is further exploration opportunity for shallow IOCG deposits in this under-explored area of the Northern Yorke Peninsula.

“The gold-anomalous zone at the bottom of the Roundabout hole is particularly pleasing. It is a possible indicator that the hole is on the edge of a large mineral system.”

The group revealed that the results so far have been encouraging, with the company now keen to explore other nearby areas to see whether there is anywhere else worth exploring.

Work has been underway at the Roundabout and Spyall holes for several months, as access agreements were finalised with local landholders in December 2014. Drilling got underway in mid-January after a contractor was appointed to test the geophysical targets.

The company worked closely with landholders to minimise the environmental impact of the site, and to cause as little damage as possible to farmland within the surrounding area. Coconut fibre matting was laid down so vehicles could pass through nearby fields.

Disclaimers: Guardian Vaults Holdings Pty Ltd, Registered Office, Scottish House, 100 William Street, Melbourne, Victoria, 3000. ACN 138618176 (“Guardian Vaults”) All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher and/or the author. Information contained herein is believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation. Guardian Vaults, its officers, agents, representatives and employees do not hold an Australian Financial Services License (AFSL), are not an authorised representative of an AFSL and otherwise are not qualified to provide you with advice of any kind in relation to financial products. If you require advice about a financial product, you should contact a properly licensed or authorised financial advisor. The information is indicative and general in nature only and is prepared for information purposes only and does not purport to contain all matters relevant to any particular investment. Subject to any terms implied by law and which cannot be excluded, Guardian Vaults, shall not be liable for any errors, omissions, defects or misrepresentations (including by reasons of negligence, negligent misstatement or otherwise) or for any loss or damage (direct or indirect) suffered by persons who use or rely on such information. The opinions expressed herein are those of the publisher and/or the author and may not be representative of the opinions of Guardian Vaults, its officers, agents, representatives and employees. Such information does not take into account the particular circumstances, investment objectives and needs for investment of any person, or purport to be comprehensive or constitute investment or financial product advice and should not be relied upon as such. Past performance is not indicative of future results. Due to various factors, including changing market conditions and/or laws the content may no longer be reflective of current opinions or positions. You should seek professional advice before you decide to invest or consider any action based on the information provided. If you do not agree with any of the above disclaimers, you should immediately cease viewing or making use of any of the information provided.

Enquire now

Please provide your details and we will contact you to discuss your needs.

[contact-form-7 id="1402" title="Form1 - Enquire Now"]

Enquire Now

Please provide your details to reserve space at Guardian Vaults.

[contact-form-7 id="1402" title="Form1 - Enquire Now"]

Enquire Now

Please provide your details to reserve space at Guardian Vaults.

[contact-form-7 id="1853" title="2018 - Sydney Deposit Box"]

Enquire Now

Please provide your details to reserve space at Guardian Vaults.

[contact-form-7 id="1854" title="2018 - Melbourne Deposit Box"]

Enquire Now

Please provide your details to reserve space at Guardian Vaults.

[contact-form-7 id="1856" title="2018 - Sydney Safe Box"]

Enquire Now

Please provide your details to reserve space at Guardian Vaults.

[contact-form-7 id="1855" title="2018 - Melbourne Safe Box"]