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New Age Exploration kicks off soil sampling at Lammerlaw Gold Project
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Sampling along the Lammerlaw Ridge southern EM lineaments to test new targets will also begin as part of the ridge and spur sampling program.
New Age Exploration (ASX:NAE) has kicked off soil sampling work at its Lamerlaw Gold Project in New Zealand’s Otago Goldfield for the 2021/2022 summer field season.
Over October, a further eight ridge and spur soil lines have been planned along electromagnetic lineaments identified in April.
New Age Exploration has also obtained an access arrangement within the Otago Pioneer Quartz (OPQ) Project to complete trenching along the OPQ mineralised trend later in Q4.
Year-round pipeline of opportunities
Executive director Joshua Wellisch said the company remains “on track to continue our progress and meet our strategic aim of having a year-round pipeline of exploration opportunities.”
Lammerlaw Ridge and Spur Soil Lines
Ridge and spur soil sampling is continuing along the northwest trending geophysical lineaments within prospecting permit 60544.
These lineaments occur at boundaries between high and low response on airborne electromagnetic surveys that represent potential contact zones between pelitic (high response) and psammitic (low response) schist.
The contact zones preferentially host mineralised shearing and veining in other deposits in the Otago Schist.
Of the eight lines, four are located on the northern EM lineaments previously sampled in the 2020/2021 field campaign, where anomalous gold-arsenic trends were identified and where NAE has applied for an exploration permit over around 75 sq km.
What’s next?
NAE has obtained an access arrangement to farmland in MEP60502 to complete trenching as part of the phase 2 exploration program at OPQ, which is planned along strike extension of the OPQ trend identified from previous shallow percussion drilling in 2019.
A follow up phase 3 program, comprising RC and/or diamond drilling will also be developed to test the depth of the southern strike extensions of OPQ.
This article was developed in collaboration with New Age Exploration, 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.
