Native Mineral Resources (ASX:NMR) has completed an airborne geophysical survey to better define the structural geometry of the Queensland Chillagoe Formation, which hosts its Palmerville Copper Project.
The company says the survey covered a land area of 2,162km-square and was designed to define the rock types and boundaries across the formation, which is a mix of metasediments, mafic volcanics, and limestones.
Native Mineral Resources reports the survey covered about 30,000-line km in length and was partly funded by the Queensland Government as part of its Collaborative Exploration Initiative (CEI).
The processing of the survey data is expected to be completed in June, with results from the survey expected to outline ‘high-priority’ drill targets and additional ground geophysics programs.
Discussing the survey, Native Mineral Resources Managing Director Blake Cannavo says: “We are pleased to have this important geophysical survey completed at Palmerville, and we expect the results to considerably improve NMR’s understanding of the project area and the relationship that the Chillagoe Formation has with the number of historic copper, gold, and antimony deposits that are scattered throughout the Palmerville Project’s nine EPMs, most of which remain very much underexplored.
“The processed data from the survey will assist NMR to identify new exploration targets, refine existing drill targets, and better understand the structural controls of the known mineralisation…”
The processed data from the survey will assist NMR to identify new exploration targets, refine existing drill targets, and better understand the structural controls of the known mineralisation ahead of future exploration programs planned for later this year.”
Meanwhile, the company notes it can identify similar controlling structures to those found in the southern portion of the Chillagoe Formation, which were hidden to earlier explorers following the delivery of new enhanced high-resolution data.
With the survey now complete, Native Mineral Resources announces it has a ‘strong’ pipeline of exploration activities planned over the coming months, including IP surveying and follow-up drilling at the ‘large-scale’ Maneater Breccia target in Queensland.
Native Mineral Resources is an ASX-listed company with a focus on creating and developing company growth through focused, rapidly executed exploration campaigns across its current projects and the targeted acquisition of new project areas.
The company’s Palmerville Project is located in north Queensland within the Chillagoe Formation, which is host to several current and historic mining operations including the Mungana, Red Dome, and King Vol mines, as well as the historic Chillagoe workings. The project is located about 200km west of the city of Cairns and comprises a suite of 9 tenements considered highly prospective for copper and gold mineralisation.
Write to Adam Drought at Mining.com.au
Images: Native Mineral Resources Holdings Ltd