‘Nickel Ore!’, quoth the Ravensthorpe, as DMC goes exploring in WA
DMC is gearing up to start the next round of exploration at its Fraser Range and Ravensthorpe Nickel projects in Western Australia.
The company has engaged contractors to start geophysical and geochemical surveys on both projects in early August over a number of high priority target areas which are consistent with buried nickel-copper-cobalt mineralisation.
DMC Mining (ASX:DMM) plans to follow-up results from the survey with diamond drilling to test the anomalies for potential nickel sulphide mineralisation.
Fraser Range hosts six previously identified nickel-copper-cobalt target areas while three target areas have been identified at Ravensthorpe.
The Fraser Range project consists of 10 granted tenements covering about 873km2, one of the largest strategic landholdings held by any junior explorer in the highly prospective Fraser Range.
These tenements are located within the Proterozoic Albany-Fraser Orogen which hosts a range of mineralisation styles including magmatic nickel-copper-cobalt mineralisation as exemplified by the Nova mine, orogenic gold, intrusion-related gold, and polymetallic sedimentary exhalative and volcanogenic massive sulphide mineralisation.
DMC intends to carry out infill soil geochemistry on a 200m by 200m grid that will initially cover the C2, C3 and D10 priority target areas.
Other areas will also be surveyed in areas where past work only gave poor data quality unsuitable for targeting or in areas where previous sampling was in media, mainly calcrete, poorly suited to nickel sulphide exploration.
Limited previous soil geochemistry work had indicated trace element anomalism in areas consistent with potential for buried mafic-ultramafic intrusive complexes and associated potential for nickel sulphide.
The company will also carry out ground geophysics over the priority target areas.
Ravensthorpe is located in a highly prospective geological setting for nickel sulphide deposits and contains at least 15km strike of the Bandalup ultramafics, which are prospective for Kambalda-style nickel sulphide deposits.
The project is very well serviced by roads, power and other mining infrastructure.
DMC will carry out soil geochemistry on a 100m by 50m grid over the three priority areas to follow-up on results from 2021 high-resolution heliborne EM and magnetic survey.
The priority areas are located where reconnaissance follow-up identified areas of shallow bedrock with abundant ultramafic lithologies consistent with the target nickel sulphide komatiite channel facies host geology.
Planning is also underway for follow-up geophysical surveys over the priority conductivity targets.
This article was developed in collaboration with DMC Mining, 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.