Aureka (ASX:AKA) has identified new ‘high-priority’ targets at its wholly owned Irvine Gold Project in the Stawell Corridor, Victoria.
A recent airborne magnetic geophysical survey at the project has increased data resolution, which the company says has better defined subsurface geological features and will advance targeting opportunities.
Aureka says the interpretation of the enhanced imaging has “better defined underlying structural architecture”.
Defined targets include the gap between the Resolution and Adventure lodes, which are subject to drilling with results pending.
Aureka is conducting diamond drilling to target the step-change mineralisation distal from the known Resolution and Adventure lodes, with the intention of demonstrating the “highly prospective nature and greater fertility of the mineralised Stawell corridor” for an upgraded resource estimate.
Drilling is assessing an area of interest located 900m north of the Resolution lode, supported by a combination of decreased magnetism, geochemical anomalism, and an induced polarisation anomaly.
Bringing in support
Aureka has appointed geologist Barry Murphy to assist the company to further enhance magnetic survey outcomes and drill targets.
Further detailed geological interpretation and targeting of the new dataset will be conducted in conjunction with Murphy.
Murphy’s regional geological interpretations and targeting directly led to the discovery of Predictive Discovery’s (ASX:PDI) 5.5-million-ounce Bankan Gold Project in Guinea, West Africa.
Aureka’s Exploration Manager Jozef Story says the recently acquired dataset has “greatly improved” the company’s ability to identify, define, and develop subsurface geological features at Irvine.
“This is a significantly improved dataset relative to the broader line-spaced historical helicopter-borne regional datasets captured by the Geological Survey of Victoria in 1987 and 1990,” Story says.
“Interpretation of the enhanced imaging to date has highlighted and better defined several new key areas of interest and is aiding the interpretation and definition of the underlying structural architecture, featuring apparent emerging structural complexity beyond the broad scale regional trends previously well understood.
“Ongoing interpretation is in progress and aims to further unlock the significant upside and growth potential and continue to build upon the complex localised structural and mineral controls at the deposit scale and demonstrate the greater system’s mineralised potential along the corridor.”
Meanwhile, Aureka has also appointed Amy Monteith from CSB Corporate Services as company secretary, effective 5 June.
Monteith has worked in various governance and support positions across Australia and the UK for more than 20 years.
She has experience supporting directors and C-suite executives in numerous sectors, specialising in managing the regulatory requirements for ASX-listed public and not-for-profit companies.
Her appointment follows Mathew Watkins’ decision to step down from his role at Aureka as company secretary.
Aureka is an Australian explorer focused on advancing gold projects in Victoria.
Write to Maddison Elliott at Mining.com.au
Images: Aureka
