MetalsGrove Mining identifies large conductor zone in NT

The Bruce prospect is considered highly prospective for rare earth, copper-gold and LCT pegmatite mineralisation within the broader Arunta Project, 300km from Alice Springs.

During 2017/18, Northern Territory Geological Survey (NTGS) completed an airborne electromagnetics Survey at Bruce, which has now come back having identified a broad conductor along strike from the Plenty River mine, adjacent to magnetic features interpreted to be components of the pegmatite intrusion.

The broad conductor has not been tested to date but another airborne magnetic and radiometric surveys of 3,954-line kilometres at 50m spacing is set to take place for a follow-up investigation.

MetalsGrove (ASX:MGA) says an aggressive drilling programme is also planned to test the bedrock conductor after completing the survey.

New exploration area of interest

MGA Managing Director Sean Sivasamy says the results from the review of historic data provides the team with a great foundation to launch its 2022 exploration campaign.

“As a result, we are building a very targeted program to be carried out across this area over the coming months,” Sivasamy adds.

“Not only have the results confirmed the strong potential of the Bruce prospect but they have defined a new area of interest from the upcoming exploration programs.

“I look forward to providing regular updates on our exploration advances over the coming weeks at this exciting time for MetalsGrove”.

What else is coming up?

Additional exploration to be completed within the Arunta Project area this quarter includes 1,147-line kilometres of airborne magnetic and radiometric survey at the Box Hole Prospect with 50m spacing on north south traverse line direction.

Planned magnetic and radiometric surveying will be launched over the Arunta project areas in the coming weeks and months, which will allow for detailed lithological and structural mapping to follow.

Where is the Bruce Prospect?

The Bruce Prospect is located in the Central Desert Region of the NT covering an area of some 17,200ha. THOR Mining’s tungsten-molybdenum project is located some 10km to the northeast. A historical garnet mine once owned by Harts Range is located 80km west.

This article was developed in collaboration with MetalsGrove, 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.