Clancy shifts into high gear

06 October 2007 | 08:52 Code : 15519 Geoscience events
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Clancy Exploration has announced plans to commence a 25,000m drillin....

  Clancy Exploration has announced plans to commence a 25,000m drilling campaign in November this year, which will continue for six months and test 13 of the company’s most highly ranked targets within its tenement portfolio in the Lachlan Fold Belt of New South Wales.Clancy has assembled one of the largest ground positions of any explorer in the Macquarie Arc with more than 1,850sqkm under tenure. The projects to be drilled include Cowal East, Myall, Fairholme, Wellington North, Gobondery, Illabunda, Spring Creek and Orange East. Clancy has secured a multi-purpose drilling rig from Techdrill Services Pty Ltd and provided updates on Induced Polarisation (IP) surveys underway over numerous targets within the company’s tenement portfolio and other work in progress. Clancy’s Managing Director, Mark Stewart said it had been all hands on deck since listing the company in July. “Securing a multi-purpose drilling rig is a significant milestone for Clancy, enabling us to test high-quality targets under cover that have had little or no previous drilling,” Mr Stewart said. The drilling contract will run for a minimum of six months from November 2007, with approximately 20,000m of Aircore, 2,300m of reverse circulation and 2,400m of Diamond drilling to be drilled across several projects in the Macquarie Arc. “The Macquarie Arc, is a highly mineralised terrain that hosts the world-class Cadia-Ridgeway copper-gold deposits and the Cowal Gold Mine,” Mr Stewart said. “We’re enthusiastic to commence drilling in such a prospective region and feel we have a head start on where to drill, based on the use of the Geoinformatics Process,” he said. The Geoinformatics Process is an innovative method of probability based targeting that Clancy uses for its search for large copper-gold systems in NSW and world-class base metals (VHMS) styles in Tasmania.

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