Daly Resources (ASX:DLY) has recommenced exploration at its Huckitta Fluorite Project in the Northern Territory, following up rock-chip results of up to 95.10% calcium fluoride.
The company is conducting geological mapping to identify additional vein structures beyond previously documented occurrences within the priority target area. Rock-chip and soil samples will be collected and submitted for laboratory assay.
Soil sampling will test whether the prospective vein system extends beneath a thin layer of cover north of the previously reported fluorite results. The company says successful results could materially expand the effective exploration footprint.
The current field activities follow up previously reported high-grade rock-chip results and limited historical drilling, including drill hole PH1, which returned 6.10m at 35.10% calcium fluoride.
Executive Chairman Mike Edwards says the company is ‘making rapid progress’ across its project portfolio.
“The current program will improve our understanding of the project, with mapping and sampling aiming to identify additional vein structures within the priority target area,” Edwards adds.
Daly has commenced an airborne magnetic and radiometric survey covering approximately 3,200 line-km over key areas of the Huckitta Project.
The survey is designed to improve the company’s understanding of the geological architecture of the project area, including the distribution of key rock units and structures that may control the location and orientation of fluorite-bearing veins.
New geophysical data will be integrated with surface mapping, rock-chip sampling, and soil geochemistry to refine the geological model and prioritise areas for future exploration.
Results from the geophysical survey and laboratory assays are expected in the coming weeks.
The Huckitta Project covers approximately 3,812km² and is prospective for fluorite and sediment-hosted copper mineralisation.
Daly holds a portfolio of exploration projects covering more than 6,500km² of granted tenure across the Northern Territory, exploring for fluorite, copper, and zinc across three project areas: Huckitta, Broughton, and Batten.
Write to JC Villarba at Mining.com.au
Images: Daly Resources
