Pic: Schroptschop / E+ via Getty Images
New Age has no shortage of gold, rare metal targets in the Pilbara
Mining
share
New Age has identified a whole slew of Hemi-style gold targets and rare metal pegmatites across its Central Pilbara project in WA.
Data filtering technology applied to multiple geophysical sets had identified 104 Hemi-style intrusion related gold targets and 66 structural targets within its projects, which are in the same unexplored Mallina-Whim Creek Basin as the De Grey’s company making discovery.
New Age Exploration (ASX:NAE) adds that this analysis has also provided an improved understanding of the region’s structural architecture and controls on known mineralisation.
This led to a reinterpretation and refinement of existing targets and the identification of the new high priority target areas, none of which have been drill tested.
Recent helicopter supported field work has also confirmed the presence of untested rare metal pegmatites with recorded lithium-tantalum-tin mineralisation at several locations along strike to the southwest of the Wodgina-Mt. Francisco lithium-caesium-tantalum (LCT) Pegmatite Belt.
Historical reports indicate small scale production of tin and tantalum in the area.
“We are very excited by the outcome of the collaborative effort between our technical team and Fathom Geophysics,” executive director Joshua Wellisch said.
“The work has identified a large number of new Hemi-style and structural gold targets. In addition, we have confirmed the presence of rare metal pegmatites in a world class LCT pegmatite belt. We look forward to providing further updates.”
Central Pilbara exploration
The company added that the refinement of previously identified targets now indicates that much of its initial campaign of drilling had failed to reach target depths due to limited capacity of the rig that was available at the time.
However, it noted that low order gold and base metal anomalism reported from this phase of drilling is encouraging as it may be associated with a deeper, untested source.
New Age adds that the application of industry leading, proprietary data filtering technology has enhanced critical features relevant to the mineral systems and deposit models being targeted.
Understanding these key elements is a critical next step in guiding effective exploration across the company’s extensive 2311sqkm ground holding in the region.
Next steps
Planning is underway for maiden reverse circulation drill testing of the company’s West Pilbara project next month.
This will focus on the Priority 1 and 2 target areas that were identified from the recent work completed by Fathom geophysics and follow-up testing of areas of previously identified geochemical anomalism.
Regional and prospect scale soil geochemistry surveys are also planned to commence in the coming weeks.
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.
