AusQuest's promising discovery in South Australia

AusQuest (ASX:AQD) has identified promising targets for Iron Oxide Copper-Gold (IOCG) mineralization at its Coober Pedy Copper Project in South Australia. Located at the northern end of the Olympic Dam IOCG Province, the project benefits from being in a region known for major deposits. Recent gravity surveys reveal potential drilling targets near the Gawler Craton.

Overview of AusQuest's strategic exploration

AusQuest (ASX:AQD) has pinpointed prospective sites for IOCG mineralization at its Coober Pedy Copper Project in South Australia, within the prolific Olympic Dam IOCG Province. Detailed gravity surveys have highlighted targets for potential drilling, showing anomalies that suggest IOCG systems. The project stands to benefit from its location in a tier-1 mineral province, renowned for large copper-gold deposits. Future exploration plans include drilling, supported by a strategic alliance with South32. The shallow cover depth is conducive for Reverse Circulation drilling, making exploration efficient. AusQuest's strategic focus on leveraging geophysical techniques and partnerships reflects its aim to expand its resource base and deliver value.

Insights from AusQuest on exploration progress

Managing Director Graeme Drew expressed optimism about the project’s potential for copper-gold discoveries within a world-class mineral province. The company is committed to advancing the project and updating investors on progress.