Petratherm's Woomera Project gravity survey reveals promising copper-gold targets

Petratherm Limited (ASX: $PTR) has announced the identification of five high-priority Iron-Oxide Copper-Gold (IOCG) targets at the Woomera Copper Gold Project. The gravity survey conducted by the company has revealed significant potential for large copper-gold accumulations associated with iron-rich alteration, with the Bernard Hill gravity anomaly standing out as a particularly noteworthy target.

Executive commentary on Woomera Project's potential

Petratherm's Chief Executive Officer, Peter Reid, expressed enthusiasm about the company's significant ground position in the Olympic Copper Gold Province of South Australia. He highlighted the identification of substantial gravity anomalies in the recent survey work and emphasized the exceptional target at Bernard Hill. Reid also mentioned the anticipation of an exciting exploration drill program later in the year.

Summary of Petratherm's Woomera Project announcement

Petratherm's recent gravity survey at the Woomera Copper Gold Project has uncovered five high-priority Iron-Oxide Copper-Gold targets, with the Bernard Hill anomaly being particularly noteworthy. The company's exploration efforts aim to identify Tier-1 sized IOCG deposits, with plans for an exploration drill program later in the year. The successful identification of these targets underscores Petratherm's commitment to discovering world-class deposits in South Australia's Olympic Copper-Gold Province.