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Austral Resources Hits Parallel Copper-Gold Lode in Drilling at Snow Queen Prospect
['Imelda Cotton']
Small Caps
Drilling by Austral Resources Australia (ASX: AR1) has identified a potential second parallel copper-gold lode approximately 300 metres south of the Snow Queen prospect within its Cameron River project in Queensland.
Parallel System TrendDrilling intersected geology closely comparable to that encountered at Snow Queen, supporting the interpretation that Santa Maria represents a parallel trend within the same mineral system.
Additional Copper MineralisationChair David Newling said the new discovery proved that Cameron River had potential to provide additional sources of high-grade copper mineralisation to leverage the Rocklands infrastructure.
“Snow Queen sits within a broader portfolio of satellite opportunities that underpin our strategy of building regional scale around Rocklands."
“We see significant value in testing these targets with the aim of identifying additional sources of copper mineralisation that could complement our existing operations.”