Encounter Resources Limited: First Drilling Discovers Copper Sulphides at Jessica IOCG Projec

Encounter Resources Limited (ASX: ENR), operating under a farm-in agreement with South32 at the Jessica Copper Project in the Northern Territory, reports significant findings from the first two drill holes at the Zeta target, strategically spaced 1.3 kilometres apart. These initial drillings strongly support the targeted IOCG (Iron Oxide Copper Gold) deposit mode The initial drillings provide robust evidence in favour of the envisioned IOCG (Iron Oxide Copper Gold) deposit model. Key indicators of IOCG mineralization have been encountered in the Zeta area, including chalcopyrite/bornite in thin quartz-carbonate veins, extensive hematite alteration in the red rock, and the presence of bimodal felsic volcanic-basalt sequences, suggesting the existence of a substantial, long-lived geological structure. These exploratory drill holes, while bold and conceptual, have illuminated the IOCG potential of this region.

Furthermore, geophysical techniques are under evaluation to refine targeting within the mineral system at Zeta. Encounter Resources is enthusiastic about these developments, heralding promising prospects in IOCG exploration at Jessica.

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