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...
Nov 16, 2016 | News
Terra is pleased to be associated with recent success targeting IP anomalies at Tanga Resources’ Singida Project. Petrophysical analysis and a 3D IP/resistivity survey confirmed the sulphide alteration associated with gold mineralisation had an IP response at the Winston Prospect. The 3D IP/ resistivity was acquired using an offset pole-dipole array configuration. Gradient array IP/resistivity and detailed ground magnetics has been successful in mapping sulphide alteration elsewhere in the Singida Project. Please read the the full Tanga Resources release...
Nov 9, 2016 | News
Terra is pleased to be associated with recent success targeting IP anomalies at Coventry Resources’ Caribou Dome Project. Coventry Recourses committed to one of the largest 3DIP surveys conducted in recent time (~290 line km in a 100m offset pole-dipole array) covering ~6km of prospective stratigraphy. Please read the full Coventry Resources release...
Nov 7, 2016 | News
The Mineral Systems approach attempts to view the spatial and temporal distribution of ore deposits by relating the processes that control the source, transport, and deposition of metals and other commodities to the evolving structure of Earth’s crust and mantle. The change from searching for specific types of mineralisation to understanding aspects of hydrothermal or magmatic architecture at different scales presents new challenges and perspectives for acquiring, processing and interpreting geophysical data. For this TeamWA Workshop we have invited a series of talks by expert geophysicists who address this topic by presenting advances in methods, and case studies. Barry Bourne from Terra Resources presented, “Geophysical Exploration for Gold: Regional to Mine Scale Targeting”. Click here to view the...
Oct 6, 2016 | News
Rift Valley Resources Limited (“Rift Valley” or “Company”) (ASX: RVY) is pleased to announce further encouraging assay results from the current drilling programme at its 100% owned Miyabi Gold Project in Tanzania. Initial (composite) assay results have been received from reverse circulation (RC) drilling at Miyabi. Highlights include: Geophysical anomaly “Sid” hits broad zone of high grade gold mineralization MBRC 449 – 18m @ 4.23g/t Au from 87m Including 9m @ 8.01g/t from 96m And 3m @ 1.58g/t from 138m Sid mineralization is contained within a broad zone of 24m @ 3.21g/t Au from 84m Shambani drilling confirms strike extension MBRC 447 – 3m @ 1.71g/t from 15m and 9m @ 0.86g/t from 66m and 6m @5.03 g/t from 81m MBRC 448 – 6m @ 1.45g/t from 138m New Prospecting licence issued over the area containing the current 704,000oz Au resource Drilling continues Click here to view the full ASX...
