Carawine is back at Fraser Range looking for a Big Bang of a nickel deposit
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Explorer Carawine Resources is looking for a big bang for its buck as it gets drilling underway to find nickel-copper deposits at Fraser Range.
Three holes are being drilled to test the source of bedrock conductors identified from moving-loop electromagnetic (MLEM) surveys at Carawine’s (ASX:CWX) Big Bang tenement in the Central Fraser Range region of WA.
Carawine is targeting magmatic Ni-Cu sulphides which may have formed on the edge of magnetic anomaly complexes, which the explorer reckons have the potential to contain mafic-ultramafic intrusive bodies.
A total of 950m of RC and diamond drilling is planned across the BB1 A, BB2 A and BB1 B conductors and will take about three weeks to complete.
Carawine says the conductors are within three of nine target areas identified at Big Bang – seven of those considered prospective for magmatic Ni-Cu mineralisation.
MLEM surveying of one or more of the other Big Bang magmatic Ni-Cu target areas BB3 and BB5-7 is planned for after the current drill program.
Importantly, the program is 50% co-funded by the Exploration Incentive Scheme, whereby the WA State Government is pouring in up to $92,500 of the drilling costs.
The Fraser Range is a Tier 1 nickel-copper-cobalt production belt that hosts IGO’s (ASX:IGO) Nova-Bollinger Ni-Cu-Co deposit, Liontown’s (ASX:LTR) Buldania and Essential Metals’ (ASX:ESS) Pioneer Dome projects.
Carawine MD David Boyd says it’s exciting to be drilling again in the Fraser Range.
“The three conductors targeted by this program are from our first MLEM survey at Big Bang, which covered just three of seven areas identified as prospective for magmatic nickel and copper sulphides,” Boyd says.
“We look forward to the results of the drilling and expanding our exploration program across the tenement over the coming months.”
This article was developed in collaboration with Carawine 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.