A recent geophysical survey conducted at the Conglomerate Creek prospect in Queensland has revealed multiple promising copper targets at the Mt Isa North project. Antares Metals, the exploration company behind the discovery, believes these targets hold significant potential for the discovery of copper deposits in an area known for its IOCG (Iron Oxide Copper Gold) mineralization.

The survey, which involved high-definition gravity and magnetic surveys, identified a large-scale intrusion-related mineral system spanning approximately 2 kilometers in diameter. This system is associated with several substantial structures in the region, indicating the presence of valuable mineral resources beneath the sediment cover.

In addition to the primary mineral system, a secondary intrusion to the northeast was also detected through the survey data analysis. The identification of several discrete gravity anomalies linked to major structures in the area, along with corresponding magnetic features, has classified these targets as high priority for further exploration by Antares Metals.

The Mt Isa North project, situated about 80 kilometers northeast of Mount Isa, is strategically located near significant mining assets, including Paladin Energy’s Valhalla uranium project and Glencore’s Mt Isa operations. The region has a history of hosting deposits of copper, zinc, silver, lead, gold, and uranium, yet extensive exploration efforts have only been conducted sporadically from the 1950s to the 2010s.

Antares Metals, which acquired the Mt Isa North asset recently, aims to expand the footprint of known mineralization, discover new copper deposits, and enhance the uranium resource within the region. The company’s exploration activities align with the rising copper prices, which reached nearly a 10-month high, driven by increased demand expectations in China, a major consumer of copper.

CEO Johan Lambrechts expressed enthusiasm about the newly identified drill targets and the potential for significant discoveries. The company’s focus on exploring subsurface extensions of mineralization underscores its commitment to unlocking untapped mineral resources in the region.

In a strategic move, Antares appointed Matthew Porter as the exploration manager, leveraging his extensive experience in Queensland’s mineral systems. Porter’s expertise is expected to play a crucial role in achieving the company’s exploration objectives effectively.

Antares is progressing towards commencing the second phase of drilling at the Surprise project, with approvals and necessary preparations underway. The company plans to conduct comprehensive geological reconnaissance to optimize drill targeting and ensure successful exploration outcomes. Discussions with drilling contractors are in advanced stages, signaling the imminent commencement of drilling activities in April.

The unveiling of these new copper targets at the Mt Isa North prospect marks a significant milestone for Antares Metals, positioning the company to capitalize on the region’s untapped mineral potential and contribute to the growing demand for copper in global markets.