Investigator Resources has announced positive cobalt and rare earth element (REE) mineralisation at the Cartarpo cobalt-copper mine in South Australia.
The Cartarpo mine has a long history, having first been mined in the 19th century, producing about six tonnes of high-grade ore between 1867–1972.
Investigator Resources’ findings since it first visited the historic field last November have shown highly prospective shallow grab samples of up to 1.78 per cent copper and 1.1 per cent REEs across a 400-metre strike length. In addition to these high grades, the explorer also returned copper, nickel and lithium results of up to 0.5 per cent, 0.4 per cent and 0.3 per cent, respectively.
The results are the most promising in years; a previous exploration of stream sediments in 1989 returned anomalous gold samples of 0.8 parts per billion, but it seems cobalt may hold a more profitable future for the region should the next round of geochemical surveys go well.
Investigator Resources’ other projects have generally been more focused on silver, copper and gold than on rare earth and tech metals; these include the Paris silver project, Peterlumbo copper-gold project, Thurlga JV project and Maslins IOCG projects, all of which are in South Australia.