Exultant Mining has identified a major multi-element soil anomaly at its Peak View prospect in New South Wales, revealing a 900-metre strike length with strong signatures of copper, lead, zinc, silver, and gold. This discovery sets the stage for targeted geophysical surveys and a drilling campaign planned for late Q1 2026.
- 900m coincident Cu-Pb-Zn-Ag-Au soil anomaly at Peak View prospect
- Anomaly widens southwards where historical drilling is sparse
- Multi-element signature consistent with Volcanogenic Massive Sulphide (VMS) systems
- Planned IP and gravity geophysical surveys to refine drill targets
- Proposed late Q1 2026 drilling program to test high-priority zones
Discovery of a Significant Multi-Element Anomaly
Exultant Mining Limited (ASX – 10X) has announced the results of a recent soil geochemical sampling program at its Peak View prospect, located in New South Wales. The program delineated a substantial and coherent multi-element soil anomaly extending approximately 900 metres along strike. This anomaly features coincident elevated levels of copper, lead, zinc, silver, and gold, classic hallmarks of a Volcanogenic Massive Sulphide (VMS) mineral system.
The anomaly notably widens towards the southern end of the prospect, an area that has seen limited historical drilling. This expansion highlights a prime target zone for further exploration, with the potential to uncover additional mineralisation beyond what previous explorers have identified.
Geological Context and Historical Exploration
Peak View lies within a narrow Silurian volcanic package of the Yalmy Group, where mineralisation occurs near the contact between felsic volcanic units. Historical drilling by companies such as WMC, Denehurst, and Ironbark Zinc returned several high-grade but narrow polymetallic intercepts, confirming the prospect’s potential. Importantly, Peak View is situated on the same regional structure; the Narongo Fault; that hosts the nearby Captains Flat VMS deposit, a historically significant mine that produced substantial quantities of zinc, lead, copper, silver, and gold.
Despite this promising geological setting, large portions of the prospective volcanic horizon at Peak View have remained underexplored, particularly with modern surface geochemistry and geophysical techniques. Exultant’s recent work aims to fill this gap, applying contemporary methods to unlock the prospect’s full potential.
Next Steps – Geophysics and Drilling
Building on the soil sampling results, Exultant plans to conduct induced polarisation (IP) and ground gravity surveys to better define subsurface targets. These geophysical surveys will help identify chargeability and density contrasts associated with sulphide mineralisation, refining drill targets ahead of a proposed drilling campaign scheduled for late Q1 2026.
Additionally, the company has identified a secondary precious metal and pathfinder element anomaly to the south, enriched in thallium and other elements indicative of proximity to massive sulphide mineralisation. This area remains undrilled and represents an exciting new target for the upcoming exploration phase.
Strategic Significance and Market Implications
Executive Chairman Brett Grosvenor emphasised the strategic importance of Peak View, noting that historical exploration was constrained by weaker metal markets and less advanced techniques. Today’s improved market conditions and modern exploration tools provide a renewed opportunity to advance this polymetallic system. The proximity to Captains Flat and the strong geochemical signatures support the prospect’s potential to host a significant VMS deposit.
As Exultant progresses through geophysical surveys and drilling, the market will be watching closely for confirmation of mineralisation continuity and grade, which could materially enhance the company’s resource base and valuation.
Bottom Line?
Exultant’s methodical approach at Peak View could unlock a significant VMS system, with drilling results in Q1 2026 set to be a key catalyst.
Questions in the middle?
- Will the upcoming drilling confirm extensions of high-grade mineralisation in the southern anomaly?
- How will the geophysical survey results refine the understanding of subsurface mineralisation geometry?
- What are the implications for resource estimation if the southern zone proves mineralised?