Monax hits "crater lake" at Punt Hill

MONAX Mining managing director Michael Schwarz says the company has encountered a rare “crater lake” during deep drilling at its Punt Hill project in South Australia, which he says is prospective for gold and copper mineralisation.

Monax hits "crater lake" at Punt Hill Monax hits "crater lake" at Punt Hill Monax hits "crater lake" at Punt Hill Monax hits "crater lake" at Punt Hill Monax hits "crater lake" at Punt Hill

“We believe that these were laid down in a lake-type system that was formed in a crater that was originally a volcanic vent. A crater lake is essentially what it is,” Schwarz told MiningNews.

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