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Renaissance Uranium starts drilling at South Australia IOCGU project


Renaissance Uranium (ASX: RNY) will this week commence drilling at its wholly-owned Eastern Eyre Project in South Australia, targeting zones identified from recent airborne electromagnetic survey.

Eastern Eyre is located in the southern portion of the Olympic Dam iron-oxide, copper-gold-uranium (IOCGU) belt.

The massive Olympic Dam deposit and large scale Prominent Hill and Carrapateena deposits are located to the north of the project area while the Hillside deposit and extensive historical copper mining district of Moonta are located to the south   

The primary focus of the initial 1,400 metre program will be 1050 East, an extensive copper zone defined by rotary air blast, over which the survey defined a significant resistive zone coincident with the mineralised trend and a magnetic high.

Historical drill hole data base includes intercepts of up to 2.2% copper. Up to four holes totalling 300 metres will be drilled at 1050 East.

Following completion of this initial drill program, the company intends to prioritise amongst the existing prospects both within and outside the rotary air blast copper zone.

Follow-up drill coverage is expected to include several high-priority IOCGU targets, commencing with Wizo Well, an untested IOCGU target to the immediate west of historic RAB copper prospects.

Airborne electromagnetic data shows a strong conductive zone coincident with a gravity and magnetic anomaly at Wizo Well.


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