Renaissance Uranium (ASX: RNU) have intersected 12 metres at 0.42% copper from 186 metres to end-of-hole at the southern portion of the Glensea Prospect, surrounded by the company's Pirie Basin Project the strongly elevated copper interval beginning reconnaissance drilling at the prospect, suggests that elevated copper grades in this area may carry on to greater depths.
The prospect is an area of well-built gravity gradient adjacent to an anomalous magnetic zone elevated gold, uranium and rare earth elements connected with the copper intersection suggest possible IOCGU or Hillside-style mineralization the business plans follow-up work to include more comprehensive basement drilling of the copper intersection, as well as additional detailed geophysical surveying and drilling in the wider prospect area.
The Pirie Basin Project in the Eastern Eyre Peninsula of South Australia, is situated within EL 3978, Renaissance has a right to earn a 75% interest in EL 3978 pursuant to an accord with a subsidiary of Stellar Resources (ASX: SRZ), Renaissance Uranium holds welfare in eight projects covering about 18,000 square kilometers with tenements situated in the key mineral provinces of South Australia and the Northern Territory.
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