Ironbark Zinc's exploration update

Ironbark Zinc (ASX:IBG) has conducted a field reconnaissance trip at its Anderson Copper Project in Mt Isa, Queensland. The exploration focused on the AOI2 magnetic anomaly, where favorable geological conditions were confirmed. Plans are in place to conduct an Induced Polarization survey to better understand subsurface ore bodies before drilling.

Summary of Ironbark Zinc's announcement

Ironbark Zinc's recent field reconnaissance at the Anderson Copper Project has uncovered promising geological insights at the AOI2 magnetic anomaly. The findings suggest the presence of shallow, stacked lodes, which may contain mineral resources. The company plans to conduct an Induced Polarization survey to further explore the size and orientation of potential ore bodies before commencing drilling. This exploration forms part of Ironbark's broader strategy to expand its understanding of the geological potential in the Mt Isa region, with a more extensive exploration program planned for 2025.

Executive insights on recent findings

The reconnaissance confirmed favorable geology at the AOI2 magnetic anomaly. The anomaly is characterized by shallow, stacked lodes, reaching within 170m of the surface. Geologically, the anomaly is located at the intersection of northwest, northeast, and likely bedding parallel faulting.