Enterprise’s Doolgunna Project covers over 60km of strike of the southern boundary of the Bryah Basin and the northern part of the Yerrida Basin.
The southern Bryah Basin contains the Karalundi Formation which hosts the DeGrussa and Monty copper-gold deposits. Sandfire Resources NL (ASX: SFR) entered into a farm-in agreement with Enterprise Metals in October 2016 to earn up to a 75% interest in the project by sole funding exploration to define a JORC (2012) compliant mineral resource of at least 50,000 tonnes of contained copper or copper equivalent. Sandfire have been operating and wholly funding exploration on the project area over the past 4 years, and have undertaken extensive airborne and ground geophysical surveys, aircore, reverse circulation and diamond core drilling programs.
In July 2020, Sandfire advised that a number of late-time anomalous responses had been identified in MLEM surveying during the June quarter over the Homestead-Vulcan West trend and the Ruby Well prospect area. Diamond drill holes were planned for these targets and results are awaited from Sandfire.
Figure 1. Location of the Enterprise – Sandfire Farm-In Area