GEO Exploration (AIM: GEO) has offered an intriguing early glimpse into the potential scale of its Juno Project, even if the first drill results stop short of delivering headline grades.
The AIM-listed explorer said drilling at Juno has confirmed the presence of gold, copper, silver and zinc in holes JUD001 and JUD002. Laboratory assays returned relatively low metal grades, but the company is not discouraged. Instead, it believes the results may place the drillholes on the outer edges of a much larger mineral system.
Summary
· Maiden drill holes JUD001 and JUD002 at the Juno Project successfully intersected the targeted geological sequences and confirmed the presence of mineralisation.
· Gold and copper sulphide mineralisation, together with silver and zinc, was intersected in both drillholes JUD001 and JUD002.
· Mineralisation intersected in JUD001 and JUD002 may represent a peripheral position within a larger mineral system.
· Initial interpretation suggests the system may hold higher grade mineralisation approximately 500m metres southeast of JUD001 and 2km southwest of JUD001.
· The Company believes exploration is a systematic, multi-programme learning process and further drilling is warranted to test for the presence of higher grade mineralisation within the large multi kilometre scale of the Juno geophysical target.
According to GEO Exploration Limited, geological and geophysical data suggest the real prize could lie deeper within the system, with higher-grade mineralisation potentially sitting around 500 metres southeast and as far as 2 kilometres southwest of the initial drill site.
Those targets form part of a multi-kilometre-scale geophysical anomaly, and the company plans to return with further drilling in 2026 to test what it believes could be the core of the system. For now, the early results have shifted the narrative from short-term grades to long-term scale—often a far more valuable proposition in mineral exploration.
Omar Ahmad, Chief Executive Officer, commented:
“The maiden drilling programme has identified mineralisation at Juno. Shareholders should note that Juno is a large multi kilometre greenfield site and that the identification of mineralisation is a positive development that warrants further targeted drilling to test for potential higher-grade mineralisation. We will update shareholders accordingly as work on Juno Project progresses.”
Callum Baxter, GEO’s JV Partner for Juno Project, commented:
“Analytical results from Juno drillholes JUD001 and JUD002 show sporadic, low grade gold and copper mineralisation has been intersected in the chosen hole locations. This may represent mineralisation proximal to higher grade mineralisation elsewhere within the broader area at Juno. Considering the multi-kilometre scale of the Juno target further assessment of geology and drill targets will be undertaken.”
