Todd River Resources (ASX:TRT) reports that it has started a two-phase reverse circulation (RC) and aircore (AC) drilling program at its 100% owned Nerramyne Cu-PGE project in WA’s Murchison region.
The drilling program has a goal of testing previously identified targets and exploring untested intrusions at the project’s Trix and Chandler prospects.
It is reported that AC drilling will be conducted along existing station tracks and fence lines to test interpreted mafic and ultramafic intrusions across the tenement.
Meanwhile, RC drilling will specifically focus on testing both the bedrock conductor, which was recently confirmed in a Fixed Loop TEM (FLTEM) survey, as well as a strong platinum grade equivalent (PGE) anomaly identified by initial drilling at the Chandler prospect.
The drilling program is estimated to run for about 2-3 weeks, with results expected to be received around a month after completion.
Commenting on the stage two RC drilling program, Todd River Resources Managing Director, Will Dix, said: “We’re excited to be following up on our exciting results from the initial work programs at Nerramyne as well as having the opportunity to test a number of new targets. Being able to continue testing new areas will give us a pipeline of targets for future drilling and let us focus on the key intrusions alongside the prospects at Trix and Chandler.
“We’re excited to be following up on our exciting results from the initial works programs at nerramyne as well as having the opportunity to test a number of new targets”
The combination of the right rocks and some very encouraging geochemistry and geophysics ranks Trix and Chandler are high on our priority list and we expect the drilling to be completed in late October. We look forward to sharing the outcomes of this work with our shareholders once the assay results are returned.”
Todd Rivers also notes that similarly to the initial drilling program at the tenement, this recently commenced program is also subject to funding assistance from Western Australia’s state government through successful application of the Exploration Incentive Scheme.
In addition, it is also reported that several land access agreements have been completed with landholders at the Pingrup nickel (Ni)- copper (Cu)- PGE project located in southwest Yilgarn.
Further discussions are currently ongoing in other areas in proximity to the Pingrup Ni-Cu-PGE project.
Todd River Resources is an ASX-listed, Australian based resources company that currently holds base and precious metal projects across Western Australia and the Northern Territory. The company’s wholly owned Nerramyne project is located about 130km northeast of the township of Gerladton in Western Australia’s Murchison region, covering an 8-10km wide x 45km long land area along the margin of the Yilgarn Craton.
The project has undergone limited previous exploration and any work conducted has been marred by the transported wind-blown and alluvial sands that cover portions of the project area. Despite this, geochemical sampling has returned anomalous palladium (Pd), platinum (Pt) and Cu results.
With the two-phase drilling program now underway, Todd River Resources announces that results from the drilling program are expected to be received about a month after completion.
Images: Todd River Resources Ltd
