Renascor Resources Limited (ASX: RNU) has confirmed a large, shallow chargeability anomaly from the Induced polarization (IP) survey at the Soyuz gold prospect within its Carnding Gold Project in South Australia.
The company said that it considers the IP anomaly, together with the gold zone defined by the previous drilling at Soyuz, to be high priority drill targets for primary gold mineralisation.
Renascor said that it has received all approvals necessary to commence drilling at Soyuz, with a drill rig scheduled to be mobilised to site later this quarter.
Soyuz gold prospect
The Soyuz Gold Prospect is located within Renascor’s Carnding Gold Project in South Australia’s Central Gawler Craton.
Previous drilling at Soyuz had intersected shallow gold, with results including 7m @ 5.14g/t Au from 26m to end of hole, including 2m @ 16.42 g/t Aufrom 30m, and 6m @ 4.94g/t Au from 14m.
The company recently completed an extended Induced polarization (IP) survey at the Soyuz Gold Prospect.
IP anomaly uncovered
The company reported that the new IP survey has confirmed an anomaly that is shallow (from near surface) and significant in scale, covering a zone of approximately 200m in width and five to eight times background. RNU said that the survey identified an anomalous chargeability zone within a coincident geochemical and magnetic anomalous zone approximately 500 metres along-strike of the previous high-grade drilling at Soyuz.
The anomalous zone was originally defined by a single line IP survey undertaken in 2001 that revealed a moderate to strong chargeability anomaly near the southern end of the coverage. At surface, previous soil sampling in the IP zone indicated Rare Earth Element and Uranium anomalism, which may suggest pathfinders for gold.
To better assess potential drill targets within the IP target zone, Renascor recently completed the extended IP survey, consisting of four lines of 50m dipole-dipole, spacing over four 600 metre long lines.
Priority drill targets
Renascor announced that it considers the chargeability anomaly, as defined by the recently completed IP survey, together with the gold zone defined by the previous drilling at Soyuz, to be high priority drill targets for granite associated hydrothermal gold.
The company said that it intends to include the IP anomaly in drilling planned at Soyuz for later this quarter.
Future plans
Renascor said that it has received all approvals necessary to commence drilling at Soyuz, with a drill rig scheduled to be mobilised to site later this quarter.