The Crown: Oar dips into field season at its Nickel-Copper-PGE Project
Link copied to
Field activities are about to kick off across Oar Resources’ Crown-Nickel-Copper-PGE Project, only 8km to the west of Chalice Mining’s Gonneville discovery.
This initial phase of work at Crown, which includes detailed geological mapping and grid surface geochemical sampling, is helping build a thorough understanding of the geological setting and help define Oar’s drill targets.
To date, Oar Resources (ASX:OAR) has defined two broad geological domains at Crown, with a total of 74 outcrop rock chips samples collected and submitted for laboratory multi-element analysis.
While results for the first 60 samples have been reported, assays for the remaining 14 samples have been returned with no significant results to report.
However, 380 soil samples collected over a priority-1 target area in the southeast of the project area have highlighted several areas of low-level nickel and copper anomalism.
Oar says the results require field verification, which will be undertaken in conjunction with the extension of the soil sampling program to the north and west in January and February.
As a next step in its systematic exploration at the Crown project, an airborne electromagnetic survey will target the favourable ‘mixed geology’ domain located along the eastern flank of the project area.
The final stages of planning and will be undertaken pending survey contractor availability.
Drilling started during the fourth quarter of 2021 at Douglas Canyon in Nevada, US and was completed to a depth of 213.5m in the first hole (DCD_02), with 175 samples collected from the available drill core and dispatched to the laboratory for analysis.
The program will include up to four diamond holes for about 1,000m of HQ drill core, testing high-grade outcropping gold and silver mineralisation where drilling is targeting a series of parallel vein structures.
While it seems the target shear has been intersected, logging has confirmed the presence of silica flooded host rock, with thin quartz stringers, along with a silica matrix becciated vein close to the current depth of the hole.
Drilling is set to recommence once favourable weather conditions prevail, where hole DCD_02 will be continued to test the target structure to its planned depth of around 250-300m.
The drill rig will then be relocated to the second hole to test a parallel high-grade structure.
A review is underway at the Eyre Peninsula project in South Australia as part of an ongoing strategic asset process.
Oar is currently reviewing several investment and divestment opportunities for its portfolio, which already comprises of six contiguous exploration licences across 1,520km of the Gawler Craton on the Western Flank of the Eyre Peninsula.
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.