Vanguard Mining Corp. has recently disclosed the findings from an extensive airborne geophysical survey conducted over its Redonda Copper-Molybdenum Project, situated in the Vancouver Mining Division of British Columbia. This survey, executed by Precision GeoSurveys, spanned 637 line kilometers and has unveiled crucial geological insights that could signal the presence of valuable mineralization zones. The data highlighted magnetic trends and potassium alteration zones, with approximately 90% of the 2,746.46-hectare property yet to be explored, marking a vast area for potential discovery.
The project has already demonstrated its promise through previous drilling efforts, which yielded results such as 142.6 meters of 0.279% copper and 0.0281% molybdenum. The latest survey has pinpointed several high-priority targets for future drilling, especially in regions exhibiting distinct potassic alteration and magnetic characteristics. Vanguard Mining Corp. has obtained the necessary permits for drilling at up to 10 sites along a 5.3-kilometer stretch within these high-priority areas, as identified by the survey.
Employing cutting-edge technology, including an Airbus AS350 helicopter outfitted with advanced data acquisition systems and magnetic gradient measurement tools, the survey has laid a solid groundwork for subsequent exploration activities. The Redonda project's geological context bears resemblance to other notable copper-molybdenum deposits in the vicinity, such as the OKover and Gambier Copper deposits, further amplifying its potential significance.
Preliminary metallurgical tests have reported encouraging recovery rates for copper (94.7% to 96.9%) and molybdenum (92.2% to 95.6%). With copper prices hovering around $5.00 per pound and gold exceeding $3,000 per ounce, the Redonda project emerges as a potentially pivotal domestic mineral resource. In light of these findings, Vanguard Mining Corp. intends to spin off the project into a new entity, provisionally named Blackstone Copper Corp., to capitalize on its anticipated value and prospects.
The survey's comprehensive dataset, encompassing magnetic intensity, radiometric measurements, and geological mapping, offers a detailed blueprint for future exploration. The discovery of potential mineralization zones, particularly near quartz diorite porphyry units and areas with potassic alteration, hints at the substantial possibility of uncovering further mineral deposits, reinforcing the Redonda project's standing as a key asset in the mining sector.
