Copper Range is exploring a number of the Jamestown Project mineral tenements for base and precious metals under the terms of a joint venture agreement that it made with licensee Flinders Diamonds on 19/3/2007, whereby the latter retains all rights to conduct diamond, industrial minerals and uranium exploration, while Copper Range can earn up to a 90% interest in other, non-diamond commodity rights by conducting said exploration over a three-year period. The farminee company's interest in this particular acreage within the Adelaide Fold Belt is predominantly focussed on exploration for copper, where it may occur as near-surface oxide deposits and as sediment-hosted stratiform sulphide mineralisation. Large alteration zones formed within formerly porous and permeable extensive sandstone units are being targeted for preference as being sites wherein copper-bearing fluids potentially may have penetrated along favourable structures that cross-cut the strata, and may subsequently have precipitated copper at reducing horizons, onto available organic material or disseminated pyrite. An abundance of historic small copper workings on now sub-economic surface occurrences in the region, and widespread base metal geochemical anomalism, together suggest that a more deeply targeted exploration effort, including drilling, should give success in finding a major metal deposit. Copper Range's initial interpretation of airborne magnetic, radiometric and ASTER satellite imagery, with inputs from expert-assisted studies of lithology, basin subsidence and Adelaide Fold Belt regional geology, identified several base metal targets within the Jamestown Project tenements. Former copper workings were visited in mid-2007 to investigate structural features for evidence of past hydrothermal activity, and magnetic anomalies near the faulted margins of Mount Remarkable and the Yongala Diapir were assessed as possible drill test sites. Limited rock chip sampling was done near the Wade mine to confirm the tenor of copper anomalism. Late in April 2008, 3 IP survey traverses were completed in the vicinity of Wheal Sarah on EL 3244, in conjunction with rock chip sampling and the re-logging of past SA Department of Mines diamond drillhole cores. It was believed by Copper Range that IP anomalies generated east of the mine by previous explorers have not been adequately tested. The new IP profiles confirmed the former anomalism besides revealing additional anomalies north-west of the mine, of sufficient reliability to presently recommend as RC drilling targets. A change in corporate direction occurred early in 2009, with exploration emphasis shifting onto the assessment of undeveloped iron ore occurrences in South Australia. Hicks quarry, located 6 km north-east of Gladstone within EL 4368, which is a formerly worked source of flux used in early days (1896-1902) by BHP for its Port Pirie lead smelter, and a nearby prominent magnetic anomaly arising in Pekina Formation ironstone strata, were the only prospects on the Jamestown group of tenements which were regarded by Copper Range as warranting further work. Field inspection of the now closed Hicks quarry and its ironstone lode environs identified good potential for discovering high grade iron ore over a strike length of around 2 km, and a 6 line, 166 station ground gravity survey was conducted along a skirting road traverse to the north of the quarry as well as on land immediately south of it, which disclosed a 2 mGal gravity anomaly. A second gravity survey of 600 stations was conducted over Magnetic Anomaly 'A' near Caltowie, drilled in 1998 by Craton Resources, where shallow drillhole LRC1 had encountered massive haematitic ironstone from 24 m depth, grading 46.4% Fe. This 100 m x 50 m station spaced survey showed that the drillhole had penetrated a discrete 1 mGal gravity high that extends northwards for more than 500 m. Drilling of this target was also recommended. Reconnaissance sampling of other ironstone occurrences in the region was undertaken, but although their iron content was often high, elevated levels of impurities such as phosphorus led to them being dismissed by Copper Range. The overall lack of perceived iron prospectivity gave the company cause to withdraw during January 2010 from its farmin joint venture with Flinders Mines on all of the subject licences, except for EL 4368. On that tenement negotiations with landowners were begun by Copper Range to gain exploration access onto Hicks quarry proper (currently a Private Mine) and the private property adjoining it to the north. Subsequently, Copper Range was permitted to conduct a drilling programme to test the robust gravity anomaly that it had defined at the Hicks quarry prospect, so during July-August 2010 the company drilled 12 inclined RC holes for a total penetration of 1144 m. The separate nearby gravity anomaly coinciding with Magnetic Anomaly 'A' was, however, deemed to be too small to warrant drilling. No significant iron or other mineralisation was encountered by the RC drillholes, and thus the cause of the gravity anomaly remained unexplained. Four of the drillholes drilled into ironstone outcrops north of the quarry met with only low grade brecciated haematitic ironstone. Copper Range next chose to drill one fully cored HQ diamond hole to a greater depth to try to explain the gravity feature. Inclined hole HICDD013 was completed at a total depth of 399 m during October 2010. Again no significant mineralisation was found, although several bands of pyritic black shale were intersected during the coring. Examination of these implied some promising potential for finding stratiform base metal mineralisation in the local area, as minor fine-grained disseminated sulphides (?galena+chalcopyrite) were evident. Copper Range therefore was hopeful that a MacArthur River, HYC style of base metal deposit could exist close by within the dolomitic siltstone and sandstone host metasedimentary sequence. It is intended to re-model the Hicks quarry gravity anomaly data using the results of density measurements made on the diamond drill core, in order to refine the gravity target depth estimate. Currently the diamond hole has been left open pending making a decision about whether to run a downhole EM survey. Additional surface EM survey acquisition is also being planned, to help with mapping the position of the black shale interbeds, and perhaps to detect an off-hole sulphide conductor.