- PepinNini Minerals (PNN) completes the first phase of its maiden drilling program at both the Eyre Peninsula project in South Australia and the Santa Ines project in Argentina
- The minerals company completed 4217 metres of aircore drilling across the three exploration licences at the Eyre Peninsula Project
- Roughly 651 metres of drilling was completed at the Santa Ines project to test elevated copper and gold seen in previous exploration
- The company collected samples for assaying and, depending on the results, it will plan a second phase of drilling for both projects
- PNN shares are down 1.9 per cent, trading at 51.5 cents as of 2:31 pm AEST
PepinNini Minerals (PNN) has completed the first phase of drilling at both the Eyre Peninsula kaolin-halloysite project and the Santa Ines copper-gold project.
This was the first time PepinNini had drilled each project.
The Eyre Peninsula Project consists of three exploration licences covering a combined 1413 square kilometres. It’s strategically located adjacent to Andromeda Metals’ Kaolin-Halloysite Project areas on the western side of the Eyre Peninsula in South Australia.
The minerals company completed 4217 metres of aircore drilling at priority targets across the three exploration licences (EL6677, EL6681, EL6689).
All 128 holes were vertical with an average depth of 32.9 metres and a maximum depth of 75 metres.
Initial observations from drilling at a priority target west of Kapinnie show a significant zone of kaolin of more than 20 metres in thickness.
Drilling also shows that kaolin exists north of Kapinnie and within EL6681.
Samples from the drilling are currently being systematically analysed by pXRF for a range of elements, including selective rare earth elements (REE) which includes all clay dominated samples.
Subject to results, a second phase of drilling will be planned to further expand the kaolin footprint and drill test new target areas.
The Santa Ines Project in Argentina consists of four mining licences covering a total area of 61.5 square kilometres and represents a potential large-scale copper-gold porphyry target.
PepinNini drilled roughly 651 metres in five diamond core holes to test elevated copper and gold seen in previous exploration by PepinNini, associated with historical surface workings.
The drill cores have been logged, and initial observations suggest that the core has the same rock types and mineralisation which outcrops at surface, indicating that the rocks and mineralisation may continue at depth.
The core samples have copper and iron oxidised minerals including brochantite and azurite-malachite.
Similarly to the Eyre project, a second-phase drilling may be conducted which would include deeper holes to test for continuity of mineralisation at depth, subject to the pending results.
PNN shares were down 1.9 per cent, trading at 51.5 cents as of 2:31 pm AEST.