Airborne magnetic data parachutes in ahead of GTI gold drilling
Special Report: GTI is a step closer towards kicking off gold drilling at its Niagara project near Kookynie after receiving the final package of airborne magnetic data.
The 2,053 line km survey was obtained to define and map potential north trending structures within the buried magnetic basement, which are associated with gold mineralisation in the Kookynie region.
GTI Resources (ASX:GTR) says the next stage of processing the data has commenced and will be used to refine a follow-up field program that is likely to include additional infill auger soil sampling and ground mapping to aid in drill targeting.
Approval has already been received for up to 5,000m of initial drilling that is expected to begin in September.
Work by the company has already identified a number of significant gold in soil targets including a strong 500m long, 100m wide anomaly with up to 38 parts per billion gold.
The anomaly lies on a similar orientation to other known gold mineralisation within the Niagara – Kookynie district.
GTI recently acquired three additional licences, giving it a contiguous land package covering about 5km of the historical Niagara gold trend about 4km from the Kookynie gold project where Metalicity (ASX:MCT) and Nex Metals (ASX:NME) have returned some exceptional drilling results.
The Niagara trend – located within the central part of the Norseman-Wiluna greenstone belt – is home to numerous historical workings including major mines such as Cosmopolitan, which produced ~300,000 ounces at an average grade of 15g/t gold between 1895 and 1922.
Niagara itself also includes a number of historical mining shafts and shallow workings which were mined during the late 1890s and early 1900s.
However, the lack of modern exploration means the Niagara project remains essentially untested.