Rubix Resources defines new chargeability anomaly at Grunter North copper prospect

Rubix Resources Limited (ASX:RB6) has announced the completion and results of its pole-dipole induced polarisation (IP) survey at the Paperbark Project in northwest Queensland. The survey has defined a key chargeability anomaly (>50mV/V) at depth beneath the Grunter North Copper Prospect, underlying high-grade copper mineralisation at the surface. The anomaly is hypothesized to represent a potential source of the surface copper mineralisation, and the company is now prioritizing exploration of this compelling drill-ready target.

Executive Commentary

The completion of the IP survey at the Paperbark Project has provided valuable insights into the presence of significant chargeability anomalies, particularly the key anomaly beneath the Grunter North Copper Prospect. The identification of this anomaly has positioned it as a compelling drill-ready target, and the company is now focused on exploring this potential source of the surface copper mineralisation. Additionally, the discovery of two further chargeability anomalies has opened up new prospects for follow-up investigation, indicating promising opportunities for future exploration and potential resource expansion.

Summary

Rubix Resources' IP survey at the Paperbark Project has successfully defined a significant chargeability anomaly beneath the Grunter North Copper Prospect, with dimensions of approximately 600m in length, 300m in width, and 200m in thickness. The company's immediate focus is on exploring this anomaly as a potential source of the high-grade surface copper mineralisation. Furthermore, the discovery of two additional chargeability anomalies presents new opportunities for follow-up investigation and potential resource expansion. The company plans to prioritize in-fill IP data collection, detailed surface mapping, and sampling to support drill-testing of the Central Anomaly, while also directing attention to the modelled chargeability anomalies resolved in the recent survey. The results of the IP survey have provided valuable geological insights, guiding the company's next steps in its exploration efforts.