Waratah Minerals (ASX:WTM) is utilising Exosphere technology by Fleet Space Technologies to undertake an Ambient Noise Tomography (ANT) geophysical survey at the Spur Project.
The surveying activity is being conducted under a Research and Development Study at no cost to Waratah.
Exosphere ANT technology is a passive seismic exploration technique that utilises seismic noise derived from natural and anthropogenic sources to visualise the three-dimensional subsurface using changes in seismic velocity and integrated by Fleet’s satellite network.
The survey is designed to map the distribution of subsurface intrusive bodies and alteration zones in 3D and greatly complements Waratah’s exploration strategy at Spur.
Located in the Lachlan Fold Belt in New South Wales, the Spur Project is located 5km west from Newmont’s Cadia Valley Project and is hosted in equivalent Late Ordovician aged geology of the Molong Belt within the wider Macquarie Arc.
The Spur Project encompasses the wider Cargo gold-copper porphyry field where much of the historical exploration focus has been within the main Cargo Intrusive Complex for ‘intrusion-hosted’ porphyry-style copper-gold mineralisation.
A subset of East Lachlan porphyry-epithermal deposits is positioned outside and at the margins of the major intrusive complexes.
Waratah is an ASX-listed company focused on the discovery and development of high-value mineral resources in Australia. In addition, the company retains exposure to the graphite market via its interest in emerging major producer Tirupati Graphite (TGR:LSE).
Write to Adam Orlando at Mining.com.au
Images: Waratah
