Current Highlights

Since acquiring the tenement, Clancy has carried out two gradient array IP surveys which have defined several anomalies which are currently being investigated via extensive field mapping.

New zones of previously undiscovered outcropping copper mineralisation have been identified. Rock chip samples have been submitted for petrographic and geochemical analysis.

Since late 2011, a systematic 250m x 250m regional soil sampling program has been underway, covering both EL6661 and EL7399. The program was completed in August 2012. Several coherent copper-zinc geochemical anomalies have been identified. A detailed mapping program is underway and a high-resolution helicopter-borne magnetic and radiometric survey has been completed, with a infill ground magnetic survey over areas that could not be flown.

Recent drill testing of geochemical and geophysical targets and outcropping areas of copper mineralisation was completed between 2013 and 2015.

Project Description 

The Cundumbul Project comprises two adjoining leases, EL6661 and EL7399, 30km north of Molong in central west NSW and is a Clancy A-class target. The project area lies in the highly prospective Molong Volcanic Belt of the Ordovician Macquarie Arc, which is also host to the world class Cadia-Ridgeway porphyry Au-Cu deposits near Orange and the Copper Hill Au-Cu porphyry deposit near Molong.

There is excellent potential for porphyry, epithermal and structurally controlled copper-gold within the Cundumbul project area. Many areas have well-exposed outcrop where hydrothermal alteration which has been mapped by Clancy and previous workers. There is extensive evidence of mineralisation with many historic copper and gold workings. Rock chip sampling from the workings has returned assay results up to 40.8 g/t Au and 5.5% Cu.

Despite the project having been almost continuously under tenement for the past 3 decades with encouraging rock chip and soil sampling results, it is significantly underexplored. There has been only 24 drill holes drilled, centred on just 2 prospects, for an average depth of 113m. Since acquiring the tenement, Clancy has carried out two gradient array IP surveys which has defined several anomalies which will require follow up.

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