Ironbark Zinc (ASX:IBG) reported positive developments from recent fieldwork at its Anderson Copper Project at Mt Isa, Queensland.
The company conducted a three-day reconnaissance trip, which confirmed the presence of favourable geology at the AOI2 magnetic anomaly.
Magnetic modelling indicates the presence of two stacked lodes near the surface, potentially reaching depths of 170m at the northern extent before plunging southwards.
Ironbark plans to conduct an induced polarisation survey to assess the potential size and orientation of any sub-surface ore body.
"The team have done an excellent job to get boots on the ground for the first time ever in this part of the tenement to the best of our knowledge. AOI2 was the biggest opportunity we saw in the data when assessing the project," said Michael Jardine, Managing Director of Ironbark Zinc.
The fieldwork aimed to investigate the targets identified by Resource Potentials' geophysical interpretation.
The area hosts significant stratigraphy intersections likely controlled by northwest and northeast faulting.
Ironbark is set to further explore the anomaly's depth and structure to strategise future exploration efforts in 2025.
Ironbark Zinc is a resources company engaged in the exploration and evaluation of its base and precious metal ground holdings. The company is focused on developing its Citronen Zinc-Lead Project in Greenland.
At the time of reporting, Ironbark Zinc’s share price was $0.003.