Huge 8km by 4km Leviathan gold-copper-rare earths anomaly targeted by maiden drilling in 2020
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Special Report: Strategic Elements’ Leviathan gold-copper-rare earths project just got a whole lot bigger. The explorer is now prepping for maiden drilling in 2020, bolstered by $150,000 from the WA government’s Exploration Incentive Scheme.
Because valuable metals are often ‘denser’ than surrounding rocks, explorers use ‘gravity surveys’ – which pick up variations in rock density — to locate targets. This is particularly helpful if there’s no mineralised rocks showing at surface.
The anomaly at Strategic Elements’ (ASX:SOR) recently pegged Leviathan project is deep, so it remained undiscovered until new gravity data became available early in 2019.
It’s massive as well. Strategic Elements says a new ground-based survey and geophysical modelling has now identified “a much more complex and larger gravity anomaly” about 8km by 4km in diameter.
2D and 3D modelling of the gravity data estimates ‘realistic depth’ for the major dense body ranging from less than 300m to ~600m below surface.
Strategic Elements expects the Leviathan tenement to be granted in December 2019. After that, the only remaining major regulatory hurdle prior to drilling is a Program of Works from the WA government.
With an extra $150,000 in the bank – thanks to the state government’s EIS scheme — a decision will be made as to the proposed drilling program and schedule when drill target generation has been completed, the company says.
Managing Director Mr Charles Murphy said that “The Leviathan is the Company’s second project of innovative drilling in under-explored WA deserts to successfully win competitive funding. This type of exploration is high risk, but can also be very high reward”.