Petratherm Ltd (AU:PTR) has released an update.
Petratherm Ltd has identified several new high-priority copper-gold targets following a recent gravity survey at its Mabel Creek Project. These dense, non-magnetic targets, including a significant IOCG (Iron-Oxide Copper-Gold) style target beside historical drill sites, are believed to be similar to major IOCG deposits like Prominent Hill and Carrapateena. The company is optimistic about the potential for large copper-gold accumulations associated with iron-rich alteration in the area.
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