Australian Minerals Exploration Company Sipa Resources Ltd recently completed the first-ever two-hole diamond drilling program at the Paterson North Project’s Rim and Jumper targets in North Western Australia. The initiative was part of the Joint Venture Agreement with Rio Tinto Exploration Pty Limited, aimed to explore potential copper and gold deposits.
Despite reaching the planned depths, the drilling results revealed only minor geochemical anomalies in pathfinder elements such as silver, arsenic, bismuth and potassium, with no significant copper or gold mineralisation detected at this stage. The drilling could indicate proximity to mineralisation given their association with known mineral systems in the Paterson region. The hole at the Jumper target yielded a weak copper anomalism, accompanied by low levels of bismuth anomalism. The area's complexity and the presence of pathfinder element anomalism suggest further exploration is warranted.
Sipa Resources plans to refine and prioritise additional targets within the project, many of which have already been cleared for heritage surveys, to better understand the region's geological potential.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
