Burra Project
EL 3549 - Princess Royal
Samples of all styles of mineralisation at Princess Royal have been collected been sent to the Mountain of Light mine to undergo relevant metallurgical test work in Phoenix Copper's laboratory. This will include beneficiation, acid consumption, and confirmation of leach parameters, and will determine amenability of the ore to various metallurgical processes.
The aim of this work is to devise a process that optimises the recovery of copper from this ore body. This information can then be used in future resource estimation modelling.
EL 4226 - Burra Central
The Burra North prospect lies within the Burra Central Tenement, EL 4226, which is situated 150 km north of Adelaide within the Adelaide Geosyncline. The prospect is immediately north of the famous Monster Mine which was the major contributor to the South Australian economy during its initial phase of production.
The Monster Mine is within an area reserved from the operation of the Mining Act 1971 (SA) and is excluded from EL4226, but its existence and the data available are important indicators to the potential of the Burra North prospect.
The primary source of the Monster Mine secondary mineralisation has yet to be discovered and little deep drilling has been undertaken to locate it.
The Burra North prospect hosts significant potential to discover repetitions of the Monster Mine in the under explored northern area, where shallow high-grade ore-deposits may exist in the same fault zone that hosts the Monster Mine.
From 1964 to 1966, prior to the mining of the current open cut mine, the predecessor of PIRSA's Geological Survey ran a series of geophysical tests in and around the Monster Mine and identified several significant Induced Polarisation (IP) anomalies. The main pit and its southern extension, that were later mined, account for the central anomaly but to Phoenix Copper's knowledge, the northern anomaly, interpreted to lie north along strike of the Monster Mine, has never been drilled.
Many companies explored the valley north of Burra however no reported drilling has been undertaken in the area immediately north west of the open cut. The IP anomaly is interpreted to extend from the open pit 800m to the north west.
Phoenix Copper proposes to drill the Burra North IP anomaly to test for a repetition of the Monster Mine mineralisation, it will do so using some of the funds generated by the Company's recent successful capital raising.
