Viking Mines (ASX:VKA) has started a ground magnetics geophysical survey at its Canegrass Battery Minerals Project in Western Australia.
The company says the survey has begun to better constrain/define the magnetite horizon that is host to the vanadiferous titanomagnetite (VTM) mineralisation over a 9km strike length, which includes the existing mineral resource areas at Fold Nose, Kinks, and the Kinks South target.
Viking Mines notes data will be processed using a magnetic inversion in order to assist in geological interpretation of the VTM horizon for drill targeting and exploration target definition.
The survey will be undertaken by geophysical consultants Planetary Geophysics and is expected to begin on 18 February 2023, with work scheduled to be complete in 3 weeks’ time. Drilling of targets generated by ground magnetics is expected to occur in the June quarter.
Addressing the magnetic survey, Viking Mines Chief Executive Officer (CEO) and Managing Director Julian Woodcock says: “I am extremely pleased to report that field work has now commenced at the Canegrass Battery Minerals Project. Field mapping, sampling and data consolidation by the company has confirmed over 9km strike length of VTM mineralisation warranting investigation.
The ground magnetics survey is expected to better define the VTM horizon, in particular where it may be thicker, as well as assessing if there are parallel zones that could also host additional VTM mineralisation.
We will use the geophysical data to focus into areas with the highest potential as we look to add value with the drill bit by increasing mineral resources and, most importantly, target higher grade mineralisation as seen in the historical drilling.
“The potential of this project is substantial, with extensive portions of the VTM horizon undrilled, yet returning high grade rock chips along its length up to 1.44% V2O5”
The potential of this project is substantial, with extensive portions of the VTM horizon undrilled, yet returning high grade rock chips along its length up to 1.44% V2O5.
This demonstrates that there is much more to be discovered at Canegrass and this ground magnetic survey represents the start point from which we will grow the value of the project for Viking’s shareholders.
I look forward to reporting the outcome of the survey once it is completed.”
Viking Mines is an ASX-listed mining company with a portfolio of exploration projects based in Western Australia. The company’s Canegrass project is located in the Murchison region of Western Australia about 620km northeast of Perth and has easy access via sealed roads from the nearby township of Mt Magnet.
Images: Viking Mines Ltd & iStock
