Paradigm Metals is set to commence an IP geophysical survey at the Yellow Mountain project JV located in the Lachlan Fold Belt of New South Wales.
Paradigm holds a 30% interest and can move to 51% by spending USD 400,000 by March 31st 2013. The partners are Triako Resources Private Limited and Golden Cross Resources.
The survey is targeting the porphyry system beneath 50 meters of cover and will focus on 4 kilometers by 2 kilometer magnetic anomaly known as the Fountaindale target which will help to prioritize target areas for future drill testing.
Depending on the outcome from the survey, drilling could potentially start in early 2013. Paradigm is concentrating on two copper and gold targets including the Fountaindale area which has seen almost no past drilling and the Main Shaft area at the Yellow Mountain Mine which has been the subject of significant drilling for base metals.
