Strategic Elements drilling underway to uncover Behemoth’s secrets
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Special Report: The innovation investment fund has started drilling at the highly prospective Behemoth copper-gold-rare earths project.
Strategic Elements (ASX:SOR) has kicked off drilling aimed at unlocking the secrets contained within its Behemoth project, a large, 12km diameter magnetic ring feature in the remote Gibson desert.
The drilling will test the potential for copper, gold and rare earths while putting to bed the question of whether the anomaly was caused by a meteorite hitting from above or underground magma intrusions.
While no previous drilling for potential sulphide mineralisation has been undertaken in the remote region, surface geochemical soil sampling in the 1980s revealed anomalous gold.
Strategic is drilling two diamond holes to a depth of 550m with funding assistance from the Western Australian Government Exploration Incentive Scheme – a competitive process vetted by independent experts with the aim of fostering innovative drilling exploration projects.
These holes target large scale anomalous zones that were identified by the company’s gravity and IP geophysical surveys.
The project is being managed by specialist exploration group OMNI GeoX, which is headed up by Peter Langworthy who previously held senior roles with WMC Resources and Jubilee Mines.
Drilling is conducted by DDH1, one of Australia’s leading mineral drilling contractors which has direct experience in large-scale mineral discoveries – most recently including Greatland Gold’s Havieron project in the Paterson.
Strategic is registered as a pooled development fund with a mandate to back Australian innovation, meaning most shareholders pay no tax on capital gains or dividends.
It operates as a venture builder where ventures and projects are generated by combining teams of leading scientists or innovators in the technology or resources sectors.