Broken Hill Gold begins 3,000 m drilling on large copper‑gold target in South Australia
Broken Hill Gold has started a 3‑kilometre drilling program to test a massive geophysical target beneath high‑grade copper‑gold intersections at its White Dam project in South Australia, aiming to expand its resource base.
First reported 1 hour ago · latest update 1 hour ago
Importantly, the existing Hannaford deposit, which hosts a resource of 43,300 ounces of gold, along with the Icebreaker and Rolling prospects, all sit around the margins of the combined geophysical anomalies. Their positioning suggests they could form part of a single, much bigger alteration system that remains largely untested at depth, with most historical drilling averaging just 50m.
The company is now preparing to put the theory to the test with an initial reverse circulation (RC) and diamond drilling campaign designed to probe the system at depth for the first time. Deeper diamond holes will reach depths of up to 400m, providing the first serious test of both the northwestern and main eastern induced polarisation (IP) anomalies.
With White Dam continuing to produce gold doré and offering a potential pathway to self-funded exploration, Broken Hill has an enviable platform from which to chase a much bigger prize.
If the drill bit backs up the geophysics, the company could be on the cusp of transforming White Dam from a modest gold producer into a much bigger copper-gold story, with Icebreaker potentially opening the door to a district-scale discovery.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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Broken Hill lines up drill bit on huge copper-gold target in SA
Broken Hill Gold has launched 3000m of drilling to test a massive geophysical target beneath high-grade copper-gold hits at its White Dam project in South Australia.
1 hour ago · Andrew ToddBroken Hill lines up drill bit on huge copper-gold target in SA
Broken Hill Gold has launched 3000m of drilling to test a massive geophysical target beneath high-grade copper-gold hits at its White Dam project in South Australia.
1 hour ago · Andrew Todd