Adavale finds 32 gravity targets at East African nickel projects
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Adavale Resources has wrapped up a ground-based gravity survey program at its Kabanga Jirani and Luhuma nickel projects in Tanzania which has identified a total of 32 discrete gravity targets for a strike length of around 55kms.
The survey collected around 24,000 gravity readings covering the company’s southern licence portfolio comprising Kabanga NE, North, East, Kabanga West and the Luhuma farm-in tenements, for a combined area in excess of 1,000km2.
The 32 targets include 16 target areas previously announced, and the company interprets them to potentially reflect underlying mafic-ultramafic intrusions which are capable of hosting significant nickel sulphide mineralisation.
Adavale Resources (ASX:ADD) executive director David Riekie says without the gravity survey the targets would have remained undiscovered.
“The measure of the success of this gravity program is quite simply a reflection of the large number of high-quality targets that have been generated.
“Without the gravity survey technique these targets would have otherwise remained undiscovered.
“This is because the targets do not have a recognisable surface expression and mostly remain completely hidden under the 50+ metres of thick cover of highly weathered lithologies and soils that covers much of our ground holdings.
“We have always maintained that we are in the right prospective geological setting for new nickel sulphide discoveries.”
A Heli-borne Electro Magnetic (EM) survey will be flown in July to identify conductors within these gravity targets and EM conductors will be tested with Reverse Circulation and Diamond Drilling from August.
“With the benefit of our historical regional scale EM and magnetic data, together with our more recent soil geochemical, drilling and gravity as well as the soon to be completed deep penetrating EM data we are now well armed to focus our next drill campaign in ways to maximise our chances of making new discoveries,” Riekie says.
“We are now at this value catalyst point in the timeline.”
This article was developed in collaboration with Adavale Resources Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.