Ironbark Zinc completes acquisition of Mt Isa copper projects

Ironbark Zinc (ASX:IBG) has completed the acquisition of an 80% interest in the Simon and Anderson projects in Mt Isa, Queensland, from Aeon Metals (ASX:AML).

Under the agreement, Ironbark paid $100,000 for both projects.

Last month’s reconnaissance expedition at the Anderson Project focused on a known copper find on the Carter’s Ridge prospect in the southern part of the tenement.

Sixteen samples were collected from Carter’s Ridge. Several of these showed copper anomalies, including a manganese- and goethite-cemented volcaniclastic breccia showing copper contents of up to 2,977 parts per million (ppm).

The company says work at Carter’s Ridge confirms the potential of the exploration area to host copper deposits, although little exploration work has been conducted to date.

Once all results are received, Ironbark will plan further exploration in the area.

Although no drilling has been conducted to date at the Simon Project site, the Company believes the geology of the concession is conducive to copper mineralization, with the Paradise Creek Formation and Fiery Creek volcanic deposits located within the project area.

There are two areas of interest within the project, comprising the North Block and the South Block. The North Block has mineralization along the Mt Jeanette Fault Zone, while the South Block is hosted by Fiery Creek Volcanics along the McNamara Fault Zone.

Ironbark is awaiting results from analyses of 17 samples collected at the Simon Project during a field trip. The results should be returned this month.

The company says the findings will serve as a baseline for the next phase of exploration, which will take place in the current quarter.

write to Aaliyah Rogan in Mining.com.au

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