Anova Metals Limited (ASX: AWV) has commissioned an Airborne Electromagnetic (AEM) survey over parts of the Golden Dragon and Fields Find Projects in Western Australia.
The crew are onsite and have commenced survey flying today.
The system being used is NRG’s Xcite Airborne Electromagnetic (AEM) system, with a nominal line spacing of 200m and variable line direction. Approximately 1300-line km of data will be flown with additional infill over conductors of interest.
The survey is being flown primarily to look for conductors below the ground, which may be caused by base metal bearing massive sulphides. As per a typical geophysical workflow, Airborne EM is first being used to identify where the conductors are to be followed by Ground EM to better constrain the geometry of each discrete conductor for drill testing.
The Projects are prospective for significant base metal (massive sulphide) deposits considering the endowment in the wider belt:
• The world class Golden Grove VMS (Volcanogenic Massive Sulphide) Cu-Zn-Au-Ag deposit is 3km to the east of the tenement boundary and the host formation tracks south onto the Projects ground. The area has never been surveyed for massive sulphides before.
• The Deflector Au-Cu deposit is approximately 50km to the west of the Projects and contains massive sulphides,
• Capricorn Metals’ Mt Gibson Gold Project is approximately 60km to the south in the same belt and is believed to have originally been an Au-Cu-Zn rich VMS deposit.
The polymetallic opportunity is further and specifically evident within the Projects themselves. At Fields Find, approximately 270 tonnes of copper was produced from the historic Warriedar Cu shafts.
The data collected by the AEM survey will highlight which parts of the survey area, below ground, are more likely to contain accumulations of metallic sulphides. The survey represents the first application of modern exploration to the Projects, specifically designed to target copper and VMS deposits, in the last 20 years.
In addition to the survey commencing this week, an AEM survey was flown over the main gold- bearing shear zone at the Golden Dragon Project during 2014.
This survey data, while already in the public domain, is not believed to have been fully analysed for base metal potential. This data, along with the new AEM data being acquired, will be analysed and modelled.
Follow-up ground surveying, target ranking and drilling is then scheduled, in parallel with Anova’s planned aggressive 2023 drilling of free milling gold targets (+40,000m).
For further information please visit: https://anovametals.com.au/
