Ragusa Minerals (ASX:RAS) has identified 14 priority drill targets from geophysical surveying at the Black Rock Manganese Mine prospect within its Purple Pansy Manganese-Gold Project in Arizona, US.
Independent consultants interpreted data from an induced polarisation (IP) survey, delineating nine priority one targets, three priority two targets, and two priority three targets.
The results outline anomalous zones extending northwest-southeast along strike from manganese oxide mineralisation exposed at the historic Black Rock open cut.
Several anomalies also run parallel to the main trend coinciding with the former mine. The targets remain untested, with drilling required to determine whether the anomalies correspond to manganese mineralisation.
Chair Jerko Zuvela says the results have improved Ragusa’s understanding of the prospect’s potential scale.
“The company is delighted with the IP survey data results outlining multiple anomalous trends, with the largest trend extending along strike of the historic Black Rock Manganese Mine site containing exposed massive manganese oxide mineralisation,” Zuvela says.
Ragusa says it will now begin drill planning, including seeking regulatory and permitting approvals, securing a rig, and arranging site personnel.
The company notes its longer-term objective is to establish a maiden mineral resource estimate for Black Rock. Further exploration is required before the presence, scale, and economic potential of any resource can be determined.
Purple Pansy is located about 80km northwest of Phoenix in Arizona’s Aguila Mining District and covers approximately 4,142 acres. The project includes historical manganese and gold workings dating from intermittent operations conducted up to the 1950s.
Ragusa holds an approximately 60% controlling interest in Pegasus Tel (OTC:PTEL), which owns the project. The property package includes 201 claims covering 20 acres each.
Write to France Pinzon at Mining.com.au
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