Silver explorer Walcott Resources Ltd says its preliminary work has identified exploration potential as its Century South Silver-Zinc Project (CSSZP) in north-west Queensland.
Walcott's CSSZP is a 277sqkm prospect near New Century Resources' Century Mine that recommenced mining operations in 2018:
The two projects are on the same regional fault line which is known to control and constrain silver-zinc mineralization in the district;
There are similarities between the magnetic / density geophysical characteristics at CSSZP and Century Mine2, indicating that the underlying geology might be comparable.
Walcott's technical team plans to undertake a site visit and commence a wide-spread surface sampling campaign, focused along the prospective regional fault.
Walcott CEO David Thornley-Hall said they were excited by the strong fundamentals linked to the Century South Silver-Zinc Project,
"We anticipate committing to a significant work program on this property," Mr Thornley-Hall said.
"Accordingly, our Australian technical team have set an ambitious agenda to swiftly and effectively advance towards drillable targets within the tenure."
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