E2 Metals (ASX: E2M) has firmed up 10 high priority Cobar-style gold-copper and lead-zinc targets within its Mount Hope project in New South Wales’ Cobar Superbasin.
The anomalies were identified after reviewing data from an airborne electromagnetic survey that was flown in February.
According to E2, the survey is the first modern geophysical survey of its type to be flown across the project.
Targets that have been identified include bedrock conductors along strike or adjacent to historical copper and gold mines or prospects.
The conductors are under shallow cover with three priority targets identified up to 500m southwest of the Mount Solitary gold workings, where historical drilling unearthed 6m at 8.2 grams per tonne gold from 148m.
Another priority bedrock conductor was pinpointed at the Mount Solar prospect where previous drilling intercepted 12m at 3.78g/t gold from 24m.
Over at the Main Road prospect, anomalies were noted about 500m north to northeast and are associated with a historical drill result of 3m at 12.7g/t gold from surface.
Cobar-style copper-gold mineralisation
According to E2, mineralisation and anomalies at Mount Hope are similar in style to other Cobar deposits including Aurelia Metals’ (ASX: AMI) Peak gold and base metal project that includes the mined deposits Perseverance, Chronos, Jubilee and soon to be operated Kairos deposit.
E2 also pointed out modern geophysics had led to the discovery of Aurelia’s Federal deposit in the region, which has a resource of 3.5 million tonnes at 5.5% lead, 9.8% zinc and 1.4g/t gold.
Modern exploration in the Coburn Superbasin has also resulted in Aeris Resources’ (ASX: AIS) Constellation discovery, which includes an intercept of 19.9m at 2.4% copper and 0.06g/t gold from 197m and continues to grow.
Advancing Mount Hope
E2’s next step at Mount Hope will be to get boots on the ground and complete a reconnaissance field trip.
All anomalies will be checked and will assist with a ground electromagnetic survey. Data from all surveys will feed into drill planning.