Peak Minerals Limited announced that diamond drilling has commenced at its 100% owned Earaheedy Project, located in the Murchison province of Western Australia. The co-funded program will utilise the $132,000 grant which is part of the Western Australian Government's Exploration Incentive Scheme (EIS). The program will test VTEM conductors below the large (1.1km x 2.0km) near-surface, secondary copper blanket.

Elevated Cu, Co, Ni, Ag, Bi, Ba and Mo in historical soil and lag sampling as well as rotary air blast (RAB) and air core (AC) drilling have aided in the identification of the two targets at the Cork Tree prospect. The Earaheedy Project is located 28km southeast of Sandfire Resources Ltd.'s DeGrussa Copper-Gold Mine. The tenure comprises the western extremity of the Earaheedy Basin and consists of the Cork Tree and Merah prospects.

Rumble Resources Ltd. are currently drilling out the Chinook Pb-Zn-Ag deposit approximately 80km to the east, within the same basin. In 2021, Peak drilled 3m at 1.52% Cu from 86m extending the known mineralisation halo. A number of conflicting historical tenement reports suggest that this western extremity of the Earaheedy Basin is poorly understood and requires stratigraphic mapping.

Mineralisation could be found within the Yelma Formation dolomites and shales, or Yerrida Basin rocks proximal to the mantle tapping southern boundary fault. There is potential that the basement rock is either mafic or felsic volcanic in nature and provide a preferential host for mineralisation. Historical sampling, drilling and recent reprocessing of VTEM have guided the drillhole planning and ultimately produced several prospective targets.