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Proactiveinvestors Australia

Sipa Resources www.sipa.com.au/

Sipa Resources (ASX: SRI) is a Perth based Australian mineral exploration company that is focused on the Thaduna Copper Project in WA’s Gascoyne Region, located only 25 kilometres east of the high grade DeGrussa-Conductor 1 Copper-Gold discovery. Recent Sipa geological, geochemical and geophysical surveys have outlined significant drill targets.

 

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Sipa Resources IP survey highlights semi-massive sulphide potential at Thaduna Copper Project

Monday, May 28, 2012 by Christine Feary

Sipa Resources IP survey highlights semi-massive sulphide potential at Thaduna Copper Project

Sipa Resources (ASX: SRI) has identified induced polarisation (IP) anomalies which have been interpreted to represent large bodies of semi-massive sulphides at the Enigma Copper Prospect.

A ground Electromagnetic survey is scheduled to begin in late June, and will be followed by a drill program to test the anomalies.

The Enigma prospect is part of Sipa’s 100%-owned Thaduna Copper Project, located in Western Australia’s Gascoyne Region.

Results from a Pole-Dipole IP survey at Enigma identified the intense anomalies in three lines, with indications that the alteration system at Thaduna is far more intense in the northwestern part of the survey area.

Notably, the chargeability anomalies do not appear to coincide with the most intense conductivity anomalies identified in a variable time electromagnetic calculated time constant image.

This indicates that the chargeability anomalies identified by the Pole-Dipole survey are likely to represent semi-massive sulphides, rather than black sulphidic shales.



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Andrew McCrea is Sub Authorised Representative (SAR: 291331) of Proactive Investors Australia Pty Ltd
(ABN: 19 132 787 654) which is a Corporate Auhorised Representative (CAR: 413802) of RM Capital
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