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Dante’s peak assays throw up rock chips containing high-grade copper and PGEs

  • Rock chip assays from Dante show up to 2.87g/t PGEs and 1.92% copper
  • Program of works approved for initial drill campaign
  • Dante just 15km from BHP’s behemoth $1.7bn Nebo-Babel nickel-copper-PGE development

 

Special Report: Maiden drilling at GCX Metals’ underexplored Dante project is about to kick off after the junior received approvals to test copper, gold, PGE and nickel targets.

GCX Metals’ (ASX:GCX) Dante project is inside the erupting 140,000km2 copper-rich West Musgrave mining province and surrounded by mega deposits such as BHP’s (ASX:BHP) under-construction 390Mt @ 0.63% copper Nebo-Babel project and its already producing 160Mt @ 0.6% copper Succoth mine.

Rio Tinto (ASX:RIO), Kobold Mining, Caspin Resources (ASX:CPN) and Redstone Resources (ASX:RDS) are also exploring tenure in the region, which is emerging as a potentially prolific copper-nickel-PGE district, with an airstrip, processing facilities and extra infrastructure currently being built to service the remote region.

GCX Metals (ASX:GCX)
The highly prospective Dante project is surrounded by enormous deposits. Pic: Supplied (GCX)

GCX chief executive Thomas Line says 2023 was huge for the company, with the acquisition of the Dante nickel-copper-PGE project in WA’s West Musgrave region, just 15km from BHP’s  $1.7bn Nebo-Babel mine currently being constructed.

“There are 10,000 road trains driving there every year bringing supplies up to Nebo-Babel and once the infrastructure is in, it is going to de-risk the region for future resource development,” Line says.

“There’s a big airstrip going in, a 12Mt per annum crusher, and a number of other discoveries and resources yet to be developed in the area which are very material in their own right.”

Recent rock chip samples from a recon program that covered just 4km of the 23km outcropping reef strike at the project returned grades of up to 2.87g/t PGE31 from target HY072, 1.92% copper from target HY070 and 1.14g/t gold from target HY054.

GCX says that the results validate historical sampling and indicate consistent precious metal mineralisation over a compelling strike and further support to Dante’s copper potential.

GCX Metals (ASX:GCX)
Copper, gold and PGE gossans from the Dante project. Pic: Supplied (GCX)

“What makes these findings particularly compelling is that there has been virtually no drilling conducted across the Dante PGE-Cu-Au reefs, which outcrop for more than 23km of strike,” Line says.

“There are also multiple other significant copper, gold, PGE and nickel opportunities under shallow cover at Dante, including the 7km long Cronus prospect were historical drilling intercepted over 300m of disseminated copper sulphide mineralisation with no follow-up.

“We have already received heritage approvals and now hold an approved Program of Works (PoW) for an initial drilling program at Dante, which will test a variety of high-priority copper, gold, PGE, and nickel targets at the project.

“Our technical team continues to identify new targets as we work through our extensive database, and we anticipate the maiden drill program will continue to grow.

“This will be the most comprehensive systematic drilling program ever to have been conducted at the Dante project, and we look forward to continuing to update the market on developments.”

 


 

This article was developed in collaboration with GCX Metals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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