MetalsGrove Mining (ASX:MGA) reports it has started an almost 6,000-line kilometre helicopter borne magnetic and radiometric survey across key prospects within its 100% owned Arunta Project in the Northern Territory.
The radiometric and magnetic survey will comprise 3,954-line kilometres at the highly prospective Bruce Prospect, 1,147-line kilometres at the Box Hole Prospect and 872-line kilometres at Edwards Creek.
With the magnetic and radiometric survey now underway, MetalsGrove announces that it will move forward with plans for an aggressive drilling campaign at the Bruce Prospect following completion of the survey.
“This survey program will play an important role towards refining our priority drill targets”
Speaking on the surveys, MetalsGrove’s Managing Director Sean Sivasamy said: “This survey program will play an important role towards refining our priority drill targets for our maiden drilling program scheduled to commence in quarter four at Arunta.
Our technical team has already completed significant work over the Arunta Project which has highlighted the strong potential of the Bruce Prospect including a large broad conductor along strike from the Plenty River mine.
The Arunta Project is highly prospective for Rare Earth, Copper-Gold, LCT and base metal mineralisation, and we are confident of demonstrating the clear potential of these assets through our targeted, yet aggressive exploration plans over the coming months.
I look forward to providing regular updates on our exploration advances over the coming weeks in this exciting time for MetalsGrove Mining.”
The company also notes that it has identified the presence of a broad conductor within the Bruce Prospect and adjacent to magnetic features, which are interpreted to be components of the pegmatite intrusion.
However, the broad conductor still remains untested to date.
The Arunta Project is located in the Northern Territory and comprises the Bruce, Edwards Creek, and Box Hole Prospects, which are all prospective for rare earth element (REE), copper-gold and base metal mineralisation and are all 100% owned by MetalsGrove Mining.
The Bruce Prospect is located within the Central Desert Region of the Northern Territory and covers a total land area of about 17,722 hectares, with the total maximum distance across the project reported to be about 25km east-west and 10km north-south.
Images: MetalsGrove Mining Ltd
