The 10-hole RC and 41-hole aircore campaign successfully tested all planned targets for the recently rebranded Auravelle Metals (ASX:AUV), including a large calcrete anomaly lying within the Tunkillia North project.
But of particular interest to Auravelle is a trio of RC holes into the Sheoak prospect within the Nuckulla Hill project, north and along strike of a first batch of high-grade intercepts which put a spotlight on the area’s large discovery potential.
Auravelle managing director Andrew Muir said the company was very pleased with how the program went, particularly being able to follow up on those recent high-grade results from Sheoak.
“The holes at Sheoak will assist in understanding the size and geometry of the high gold grades intersected in the July RC drilling,” he said.
“In addition, the program tested multiple prospective targets at both Tunkillia North and Nuckulla Hill.
“Of significance were the 35 AC holes drilled to test the large 5km by 5km gold-in-calcrete anomaly at Tunkillia North, located approximately 10km north of the 1.6Moz Tunkillia gold deposit.”
Muir added that another RC drill program in South Australia, and an AC campaign over its Crown gold project in WA were set to get going in the coming months as it continued to aggressively test a portfolio of highly prospective gold projects.
The company expects samples from the program to be in the lab by Friday, with results due in about four to six weeks.
While the bulk of attention for gold markets has headed further west, South Australia offers a compelling opportunity on exploration and development prospects which have (partially) flown under the radar.
And though some predicted 2023 would prove a peak of the current commodity cycle, gold prices had a different idea.
Auravelle, formerly Sipa Resources, now holds ground covering about 40km of the same shear zone with similar rocks to its 1.6Moz neighbour, and believes the land remains remarkably underexplored – with its own early results looking not too dissimilar.
