Tag #Geophysical Exploration

What are the immediate implications of the discovery of two large IP anomalies at the Edinburgh Park project?

Great Southern Mining and Gold Fields have discovered two large Induced Polarization (IP) anomalies at their Edinburgh Park project in Queensland, Australia. The anomalies, Mt Dillon and Leichhardt Creek, measure over 2 kilometers wide and suggest significant gold and copper deposits. This discovery follows a joint venture agreement where Gold Fields will spend \$15 million over six years to explore the 1750-square-kilometer project.