Petratherm Limited (ASX: $PTR) has completed a gravity survey over EL 6918 (The Pines) as part of its Woomera Copper-Gold Project in South Australia. The survey aims to locate gravity anomalies representing Tier-1 sized Iron-Oxide Copper-Gold (IOCG) mineralisation for drill testing. The company's gravity team has now moved to the Mabel Creek Project area to conduct a regional gravity survey over prospective eastern tenement areas.
Petratherm Chief Executive Officer, Peter Reid, expressed enthusiasm for the highly prospective ground position in the Olympic Copper Gold Province of South Australia. He highlighted the effectiveness and cost-efficiency of gravity surveying for IOCG targeting and the potential to identify drill targets for a world-class sized accumulation of copper. Reid looks forward to updating the market with the results from the gravity surveying towards the end of April.
Petratherm Limited (ASX: $PTR) has completed a gravity survey at Woomera and commenced a survey at Mabel Creek to locate potential copper targets for future drill testing. The company aims to identify Tier-1 sized Iron-Oxide Copper-Gold (IOCG) mineralisation and is scheduled to release initial results from the survey work by late April. CEO Peter Reid expressed optimism about the potential to identify world-class sized copper accumulation through the gravity surveying.