COBAR BASIN PROJECT
EL 8398, EL 8723, EL 8724, EL 8725, EL 8743 and ELA 6591 (Anchor 100%)
New South Wales – copper, lead, zinc, gold & silver
The Cobar Basin has a long history of mineral discoveries extending from 1869 to 2017 confirming its potential as a world class mineral province prospective for major new discoveries. Cobar-style deposits are high grade, polymetallic mineral systems, viable under a wide range of economic conditions. Anchor is an active explorer in the southern and central Cobar Basin where it has a substantial tenement holding of approximately 1,537 km2, the third largest in this mineral province.
Anchor’s Cobar Basin project covers part of a prospective, underexplored area of the Cobar Basin where a number of significant recent polymetallic deposit discoveries have been reported. Current exploration is focussed on EL 8398 Gemini where two significant targets have been identified for further immediate work and a number of others are being assessed. An Induced Polarization (IP) survey is underway and will cover Blue Mountain prospect the recently discovered Jaguar prospect, and other prospects. The objective of these surveys is to investigate selected anomalies at depth and define targets for drill testing.