Iron Road readies Stage 2 drilling at TAU-A nickel-copper-gold target in SA

An announcement from Iron Road Ltd ( (AU:IRD) ) is now available.

Iron Road has outlined plans for Stage 2 reverse circulation drilling at the TAU-A nickel-copper-gold target within the Irria Prospect in South Australia, operated under a farm-in and joint venture with Red Tiger Resources. The program, funded from existing cash reserves, will initially comprise two 150-metre holes, with scope for up to four additional holes if chip logging and portable XRF readings justify further work.

The TAU-A target was defined from airborne variable time domain electromagnetic surveys that highlight a high-conductivity anomaly along the Coorabie Shear Zone, a major crustal-scale structure in the western Gawler Craton associated with mineralising fluids. Located about 500 metres along strike from the historic TOP EAST prospect, where prior work recorded sulphide-rich quartz veins, the drilling could materially advance Iron Road’s exposure to nickel, copper and gold potential in a highly prospective structural corridor.

The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.

More about Iron Road Ltd

Iron Road Ltd is an ASX-listed exploration company focused on mineral projects in South Australia, including iron ore and base metals. Through joint venture and farm-in arrangements, it pursues early-stage targets with an emphasis on geophysics-driven exploration for nickel, copper, gold and associated mineral systems in the Gawler Craton region.

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Technical Sentiment Signal: Sell

Current Market Cap: A$17.48M

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