Copper Search reports new drilling results

Copper Search (ASX:CUS) has released findings from its second drill hole at the Douglas Creek IOCG Prospect. Located in the Peake Project in South Australia's Gawler Craton, the results show nearly continuous copper mineralisation. Copper grades reached up to 0.11% Cu, with additional uranium and gold intervals.

Copper Search's future exploration strategy

Copper Search (ASX:CUS) has demonstrated promising results from its second drill hole at the Douglas Creek IOCG Prospect. The nearly continuous copper mineralisation and presence of uranium and gold suggest potential for a significant IOCG resource. The company plans to further explore the prospect, possibly seeking partners or alternative funding. Additionally, they have appointed Professor Bruce Schaefer to conduct a near-miss analysis to inform future exploration strategies. The company remains committed to advancing its exploration efforts, drawing on the expertise of its management and ongoing reviews of geological data.

Executive insights on new drilling results

The drilling targeted a large-scale coincident magnetic and gravity anomaly, which is characteristic of IOCG-style deposits. Despite promising results, we acknowledge that only a third of the prospect's rock volume has been tested, and exploration challenges remain due to the spatial variation typical of IOCG systems.