SANTIAGO - Great Southern Copper (NYSE:SCCO) plc (LSE:GSCU) announced Tuesday the completion of geophysical surveys at its Cerro Negro project in Chile, revealing multiple new drill targets along a 2.5-kilometer trend south of the Mostaza mine.

The pole-dipole IP (PDIP) and audio magneto-telluric (AMT) surveys identified coincident chargeability and resistivity anomalies that correlate with high-grade copper-silver mineralization previously discovered through drilling at the Mostaza mine.

According to the company, the geophysical results confirm a structural complexity at the Mostaza deposit and are consistent with earlier gradient array IP anomalies and geochemistry results that define a significant mineralized trend extending south from the mine.

The company reported that Line 1 of the survey, which tested known Mostaza copper-silver mineralization, showed that high-grade mineralization intersected in previous drilling correlates closely with a discrete coincident chargeability and resistivity anomaly in the 2D inversion model.

"These exciting pole-dipole IP results clearly identify the high-grade sulphide mineralisation drilled by GSC beneath the historical Mostaza mine, and provide compelling targeting vectors for our upcoming drilling campaign," said Sam Garrett, Chief Executive Officer of Great Southern Copper.

The company stated that the Mostaza Fault, interpreted as a potentially significant controlling structure for mineralization, is recognized in the geophysics on all survey lines as a pronounced steeply west-dipping break in both chargeability and resistivity.

Great Southern Copper plans to begin Phase III exploration drilling in late August, subject to rig availability. The company holds an option to acquire 100% ownership of the Cerro Negro prospect, including the Mostaza mine.

This article is based on a press release statement from Great Southern Copper.

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