Oar readies airborne geophysical survey at exciting Crown-Nickel-Copper-PGE Project
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Around 8km from Chalice’s world-class Gonneville polymetallic discovery lies the doppelganger Crown project where Oar Resources plans to begin drilling.
Oar Resources’ (ASX:OAR) 88sqkm tenement contains numerous geophysical trends understood to represent rock sequence like those discovered at Chalice Mining’s adjacent Julimar Complex and plans are now in place for an airborne geophysical survey over multiple target areas.
The survey will take place along the eastern tenement area of Oar Resources’ Crown Nickel-Copper-PGE Project, including areas of historic mining activity.
The Eastern Domain is characterised by a mixture of the targeted mafic, ultramafic, and granitic lithologies and has become the focus of OAR’s exploration activity.
Oar says the survey is aiming to identify drilling targets for the first phase of drill testing, which will begin as soon as possible, subject to aircraft availability.
Further land access within the Eastern Domain has also been received and while the responses vary, Oar says it has obtained land access to two of its three key target areas.
The company has also formed a positive rapport with landholders who are interested to learn more about the geology of their property and its surroundings.
Technical field work is continuing to drive exploration at Crown with the stage-1 phase including detailed geological mapping and stage-2 involving systematic soil/surface geochemical sampling.
Previous announcements have highlighted a strategic review is underway with Bramfield Iron Ore being identified as a non-core asset and becoming the subject of a $500,000 sale agreement announced last week.
While Crown remains a priority project it will consider the potential to extend its exploration area.
This article was developed in collaboration with Oar Resources, 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.