C29 Metals Limited (ASX:C29)
C29 Metals Limited (ASX:C29) is a minerals exploration company focused on identifying, exploring and developing prospective copper, gold and base metal assets throughout Australia. The Company has interests in four projects:
Sampson Tank Project
The Sampson Tank Project is located in the World Class Lachlan Fold Belt, in Central West NSW. Targets identified to date support the concept of deformed and remobilized Besshi-type Volcanic Associated Massive Sulphide (VAMS) mineralisation. Limited historical in-ground exploration has occurred at the Sampson Tank tenement and offers the potential to define a VAMS hosted copper (±gold) deposit. Approximately 20km away is both the Collerina Discovery Copper-Gold of Helix Resources (ASX:HLX) and the Tottenham Copper-Gold deposits of Mincor Resources (ASX:MCR).
Reedy Creek Project
The Reedy Creek Project is located 20km west of the township of Cudal in the Eastern Lachlan Fold Belt of Central NSW. The Reedy Creek Project is considered prospective for hydrothermal polymetallic (Au-Cu-Pb-Zn-Ag) deposits. Historical exploration data has identified potential for sulphide rich polymetallic (Au-Cu-Pb-Zn-Ag) skarn, breccia hosted gold - base metal and epithermal gold deposits in a number of structural & lithological settings within the tenement. Several are ready for drill testing.
The Torrens Projects comprise of two exploration licence applications which collectively cover 1,768km2 in the Olympic Dam iron oxide copper gold (uranium) (“IOCG”) province of the Stuart Shelf in central South Australia. One project is located approximately 50km of the BHP’s IOGC Olympic Dam Mine and recently discovered Oak Dam Project and adjacent to other IOCG discoveries including FMG/TAS Volcan Project and ARE/AIS Lake Torrens Project. Historical exploration has intercepted copper mineralisation and exhibit sizable host environments and alteration. Geophysical modelling has identified multiple high quality IOCG targets.
The Stadlers Project is located in the Ashburton Basin of WA, approximately 60km south of Paraburdoo, near Mt Boggola. Historical results are prospective with significant copper rock chip samples and drilling intersects encountered. Despite having historical exploration, a clear mineralisation model has not been developed for the prospect nor has the mineralisation been closed off; while an 800m long EM conductor anomaly remains untested. The current geological model is believed to be associated with a sedimentary exhalative (SedEx) style mineralisation, which are feed via deep sourced fluids, none have been explored for and thus identified yet.