Adavale’s launches helicopter EM survey to find nickel riches in Tanzania
Adavale Resources is taking to the skies, launching a helicopter-borne electromagnetic survey at its Kabanga Jirani and Luhuma nickel projects in Tanzania.
The survey will test nine high-priority areas across 18 conductive targets generated from a recent gravity survey, illuminating around 2000km of ground to 500m below surface.
The survey is using high powered Time Domain EM, designed specifically to target nickel mineralised conductors.
Adavale’s (ASX:ADD) Kabanga Jirani and Luhuma projects will be watched closely by those in the industry given their proximity to what is the largest development ready nickel deposit in the world at the nearby Kabanga project.
Kabanga, owned by a London-based company of the same name, received a capital injection of US$50 million from the world’s biggest miner BHP earlier this year.
It makes Tanzania a great postcode for a nickel explorer, with Adavale planning to use the HEM data in conjunction with an existing exploration database to prioritise targets for RC and diamond drilling starting late in the September quarter.
“We are delighted that this Heli EM program is now underway. With c.2000km being flown over 10 to 14 days, the program has been designed to allow our technical team to receive and interpret the data regularly so we can identify and then prioritise potential drilling locations,” Adavale executive director David Riekie said.
“Drilling will be coordinated with local drilling contractors for the RC and DD campaign. Funding from the recent capital raise will enable us to be actively drilling over the coming months.
“We look forward to keeping the market informed of these important exploration activities and their outcomes.”
Cape Town based New Resolution Geophysics is completing the HEM survey using a high powered system capable of detecting conductors 500-600m below surface depending on ground conditions.
This article was developed in collaboration with Adavale Resources, 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.