Project Overview
Phoenix Copper has four principal Projects covering an area of more than 2,450 km2 combined. The Company’s methodical exploration programme continues to intensify and has not only proven the prospectivity of these Projects but even exceeded the Company’s own expectations.
At Mongolata, systematic geochemical soil analysis has led to the definition of a second coincident gold and copper anomaly, the Black Hill Prospect, centered 7.3km north east of the historic Mongolata Gold Battery and approximately 5 km east of Phoenix Copper’s recent Mongolata drilling programme.
At Spalding, FPXRF analysis as well as coincident geophysical, geochemical and geological anomalies continue to demonstrate high prospectivity and similar conditions to Burra, including the mapped presence of NMS9 – the rock unit identified by PIRSA as the host rock to copper mineralisation at the Monster Mine in similarly aged rocks and geological environments. Anomalies from samples taken include copper values up to 0.9% Cu at six new prospects.
At Phoenix Copper’s new tenement, Princess Royal, a 3 km long NNW trending anomaly centered on the old Princess Royal Mine has been identified. Recent sampling has covered most of the prospective stratigraphy between the old workings at the Burra Monster Mine and Princess Royal and has identified two new copper anomalies:
- Stein Hill, a two km long north north-west striking anomaly with copper values to 2200ppm centered 1km south of Stein Hill; and
- Burra Creek, a 5km long north north-west striking anomaly with copper values to 2022ppm in the creek between Burra and the Princess Royal homestead.
At Minlaton, the boundaries of an underlying iron and nickel rich magnetic unit were better defined and structures potentially important to mineralisation identified.
An Exploration License Application ELA155/09 was lodged over the highly prospective ground, contiguous with EL4031 and adjacent to Rex Minerals Ltd, Hillside Project.
