Oct 23, 2017 | News
Highlights: Electromagnetic (‘EM’) and Magnetic Modelling has been completed for Exploration Targets KB01 and KB05 on Laconia’s 100% owned, Kraaipan Gold-Nickel-Copper-PGM Project, southern Botswana. Results of the geophysical modelling are interpreted to strengthen the prospectivity of these exploration targets and drill holes have been planned. Magnetic modelling of KB01 and KB05 indicate the causative sources of the EM anomalies coincide with areas of decreased magnetisation which could be indicative of pyrrhotite/pyrite altered Banded Iron Formation rocks associated with gold mineralisation (i.e. Hill 50, Westralia, Bounty). KB01 and KB05 are also associated with kilometre-scale gold anomalous zones. Several other EM targets and/or gold/nickel-copper-PGM anomalies are also being considered for drill testing. Planning is progressing well for the drilling program to test the best geochemical/geophysical targets commencing in early November Laconia Resources Limited (‘Laconia’ or ‘Company’) (ASX: LCR) is pleased to announce that Electromagnetic (‘EM’) and Magnetic Modelling have been completed for exploration targets KB01 and KB05 on its 100% owned Kraaipan Gold-Nickel-Copper-PGM Project (‘Kraaipan Project’ or ‘Project’) in southern Botswana (Figure 1). The positive results from this geophysical modelling have been interpreted to strengthen the prospectivity of these exploration targets. As a result, targets KB01 and KB05 have been ranked as Highest Priority and drill holes have been planned. Laconia plans to drill test these exploration targets in November-December this year. Laconia’s CEO Dr Quinton Hills said: ‘The fact that targets KB01 and KB05 are supported by both the geophysical modelling and soil geochemical results, indicates that these targets are highly prospective and we are looking forward to drill testing them in November.’ Please read the full announcement...
May 15, 2017 | News
Terra Petrophysics was pleased to be associated with Target 2017: Innovating now for our future. In conjunction with Mike Dentith and Cameron Adams at UWA, the role of petrophysics and exploration was presented and concluded that petrophysical data are potentially very useful for both testing and generating ideas about exploration strategy. In addition, in order to create a mineral systems predictive capability, industry needs to better understand what controls physical...
Feb 9, 2017 | News
Induced Polarisation (IP) geophysical survey at Syndicated Metals’ 100%‐owned Monument Gold Project in WA identifies a high‐priority exploration target 1.2km north of the recently drilled Korong Prospect. Modelling and interpretation by respected geophysical consultants Terra Resources Pty Ltd and Southern Geoscience Consultants reveals a well‐defined, shallow, discrete IP chargeability anomaly (+20mV/V). The new chargeability anomaly is much stronger than the IP/resistivity response associated with the Korong Prospect itself, where drilling last year returned encouraging intercepts such as 6m at 7.28g/t Au from 79m in MRC003. Because of its strength and definition, the A1 North target has been rated by both Southern Geoscience and Terra Resources as a high‐quality, high‐priority target, recommended for immediate drilling. 6‐10 hole Reverse Circulation (RC) drilling program planned to begin later this month. The tenement covering the A1 North prospect has been recently granted, and drilling approvals are currently underway. The IP survey has revealed other lower‐order anomalies away from the main mineralised Korong‐Waihi Corridor. These require investigation once final processing and interpretation of the data has been completed. Syndicated Metals Limited (ASX: SMD – Syndicated or the Company) is pleased to advise that modelling and interpretation of the IP geophysical survey completed late last year at its 100%‐ owned Monument Gold Project in WA has revealed a new high‐priority gold target which it plans to drill test later this month. Syndicated engaged respected Perth‐based geophysical consultants, Southern Geoscience Consultants, to review, evaluate and interpret the data from the IP survey, which comprised 47 line kilometres over 200 and 400 metre spaced sections. Southern Geoscience concluded that the survey data was good quality and that...
Feb 8, 2017 | News
Highly detailed airborne magnetic survey completed in early January 2017. Magnetic data has enabled the detailed mapping of the strike extent of the magnetic vanadium mineralised gabbro. Modelling of the data has provided a 3D depiction of the massive magnetite zone (host of the higher-grade vanadium mineralisation) at the base of the gabbro. The 3D model has enabled the Company to efficiently target the zone that hosts the higher grade vanadium mineralisation. Massive magnetite zone shown to dip at ~60° to the west at widths ranging from 20 to 50m and to a depth of in excess of 200m. Reverse circulation drilling program of up to 3,000m to commence on or about 15 February 2017. Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce that it has received Terra Resources Pty Ltd’s (“Terra Resources”) interpretation of the data from the highly detailed low level airborne geophysical survey (“Survey”) over the Gabanintha Vanadium Project (“Project”). The Survey has been extremely successful in mapping the strike extent of the mineralised gabbro and defining the orientation of the massive magnetite zone towards the base of the gabbro unit which typically hosts the higher grade vanadium mineralisation. The Survey, flown in early January 2017, was conducted on 25m line spacing and 25m flight height, with magnetics data acquired along line at a sample spacing of 3.5m (see Figure 1 for outlines of the survey areas). The Project is located 40km south east of Meekatharra in Western Australia and consists of five granted tenements. The Project is on strike from, and covers the same geological sequence as, Australian...
Jan 31, 2017 | News
Troy Resources Limited (ASX: TRY) (Troy or the Company) recently engaged the services of independent geophysical and geological consultants Terra Resources Pty Ltd and Gold Vector to undertake a comprehensive geophysical review of the Company’s existing data base. The Project was initiated and coordinated by Mr John Jones, experienced prospector and Non-Executive Director of the Company. The results from this review of historical ground/airborne magnetics and Induced Polarisation (IP) geophysical surveys at Karouni have now been received and reviewed with the following outcomes: Work completed so far has identified 11 gold targets near the Karouni mine area ~ of particular interest is the Eldorado prospect and an interpreted IP target. The detailed review of previous, IP and geological data demonstrates that IP does assist in mapping basement geological features providing an additional tool to support the development of gold targets at Karouni. One key target (Figure 2) identifies a chargeable zone approximately 1200m long and up to 150 metres wide. Drilling in one section of this target area near old, alluvial gold workings, is shown to contain gold. The scope of the review focussed on identifying new drill targets from the historical data acquired in the Smart / Hicks resource areas (Figure 1). Pole-dipole IP surveys at Hicks (1994) and Smarts (2014) were used to assist with characterising bedrock gold mineralisation and targeting gold associated with sulphide alteration beneath cover. Historical airborne and more recent ground magnetic data were used to assist in identifying structure and alteration associated with porphyry intrusions. Read the full ASX announcement from Troy Resources...
Dec 23, 2016 | News
Drilling to commence on Gabanintha Vanadium Project in first quarter of 2017. The Board of Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to confirm the completion of the acquisition of The Kop Ventures Pty Ltd, and its wholly owned Gabanintha Vanadium Project, and the successful listing of the Company’s fully paid ordinary shares on the Australian Securities Exchange following the raising of $4.0 million (pre costs of the offer) from the issue of 20 million shares at $0.20 per ordinary share via an Initial Public Offer. The Company has today executed an agreement to engage Magspec Airborne Surveys Pty Ltd to conduct a highly detailed low level airborne geophysical survey over the Gabanintha Vanadium Project. The high quality magnetic and radiometric data survey will be conducted on 25m line spacing and 25m flight height. The airborne magnetics will be acquired along line at a sample spacing of 3.5m. The survey is scheduled to be flown in the first week of January 2017, with processing and detailed interpretation to be completed by Terra Resources Pty Ltd in mid to late January 2017. The ultra-detailed resolution of the magnetics will allow the highly magnetic vanadium mineralised gabbro sequence within the Company’s tenements to be mapped in 3D (~12.5m x 12.5m x 5m) and identify cross cutting structures and dolerite dykes. The magnetics will assist in projecting and targeting known mineralisation down dip to at least 200m. Results of the detailed airborne magnetics survey will enable the Company to optimise its proposed maiden reverse circulation drilling program designed to define the extent and tenor of near surface...
