Rubicon
Resources
A Gold-Copper-Cobalt prospect that shows a strong soil geochemical anomaly for these elements over a length of around 20 km and an average width of 2.2 km.
A Gold-Copper-Cobalt prospect that shows a strong soil geochemical anomaly for these elements over a length of around 20 km and an average width of 2.2 km.
A Rare Earth Element prospect with strong soil geochemical anomaly covering an area of 5 sq km and which appears likely to be near surface ion adsorption type that brings with it the benefits of low mining & extraction costs.
“Halo” Rare Earth Target
The Halo Target is located on the extreme southern margin of the G7 Lineament as indicated by gravity geophysics.
The Halo Target is characterised by a particularly strong soil geochemical anomaly for rare earth elements (REE’s) with a high proportion of the elements used for magnets in EV’s and wind turbines. Soil geochemical response is comparable to comparable REE deposits which have been proven up by ASX listed companies.
REE mineralisation is indicated to be readily accessible near surface ion adsorption type with the benefits of low capital and operating costs.
Initial focus will be on a specific 5.5 sq km area within EL9354 with another 26 sq km of prospective ground to follow – an initial 21 hole air core drilling program is planned for the near future.
Planned Air Core Drilling Halo Target
“G7” Copper-Gold-Cobalt Target
Elevated soil geochemical sampling profiles along the western 11 km length of the centre line of the G7 Target were noted from two methods – ALS Ionic Leach and Labwest Ultrafines methods with strong soil geochemical anomaly* showing for copper overall as well as gold and silver at specific locations.
Based on experience in this area where basement rocks are covered by Artesian Basin Sediments, gold readings by Ionic Leach method above 1 ppb are considered to be anomalous – the highest gold reading of 5.96 ppb by this method is highly anomalous.
Ionic Leach maximum reading for copper was 1,585 which is also highly anomalous.
Initial focus will be on a specific 5.5 sq km area within EL9354 with another 26 sq km of prospective ground to follow – an initial 21 hole air core drilling program is planned for the near future.
This strong anomaly assists in identifying the precise location of the area which is likely to carry mineralisation at depth. The apparent size of the anomaly at 40 sq km suggests that the anomaly may represent a substantial body of copper mineralistion that also carries gold and cobalt.
* The presence of a soil geochemical anomaly is indicative of the presence of mineralisation in basement rock underneath covering sediments and the magnitude of the anomaly provides an indication of possible grade.
Soil Geochemical Response along 11 km of G7 Centreline
Subsequent cross line sampling over a length of 23 km indicates a width for the copper anomaly at the western end of 1.5 km – 3 km to the north east of that point, a width +2.6 km and a width of 3.8 km at the north eastern end. Those figures are suggestive of the presence of a substantial body of mineralisation. Drilling will be needed to determine tonnage and grade.