Lincoln Minerals has defined a suite of new gold, silver and base metals prospects on South Australia’s northern Eyre Peninsula after completing a soil and rock chip survey.
The company conducted a regional soil survey over its Moseley Nobs, Urilla and Uno tenements. From 635 samples the newly interpreted field results include a number of discrete and coherent silver, gold, copper, lead, zinc, manganese and uranium geochemical anomalies.
Four of the prospects have now been identified as high priority targets for Paris-style high-sulphidation and Parkinson Dam-style low sulphidation epithermal mineralization.
Best results at Sonar prospect include peak assay values of 114ppb silver, 1.9ppb gold, 5860ppb copper and 341ppb uranium. These results have defined a west-northwest continuation of Investigator Resources’ Botenella Gate prospect.
The Gallifrey prospect results included 7040ppb copper, 112ppb silver and 1.7ppb gold. The Skaro prospect has potential for bonanza-grade silver and high-grade gold-silver mineralization as well as being prospective for hydrothermal/epithermal manganese. The Mondas prospect shows peak assay values of 112ppb silver, 6290ppb copper and 0.73ppb gold.
Lincoln’s managing director Dr John Parker says further regional and infill sampling will provide more detailed definition of the various northern Eyre Peninsula precious and base metals prospects. “We have been successful in receiving a South Australian government PACE grant of up to $50,000 to co-fund more drilling at the Uno prospect. The grant is on a dollar-for-dollar basis to demonstrate the precious and base metals potential of the manganese-iron breccia system discovered by Lincoln last year.”