IRIS Metals Limited (ASX:IR1) has completed a successful high-resolution aeromagnetic survey interpretation and analysis over the company’s Leonora Gold Project, in the gold fields of West Australia.
Executive Director, Tal Paneth, said the interpretation of the aeromagnetic survey data at the Leonora gold project confirms the project’s prospectivity.
“We have generated seven high priority targets for further investigation and drill testing and we look forward to systematically assessing these new structural features during future drill programmes.”
Aeromagnetic and Radiometric Survey
The company engaged Magspec Airborne Surveys Pty Ltd to conduct a detailed aeromagnetic survey with the intention of confirming and identifying structural target zones capable of hosting gold mineralisation in Leonora.
A high resolution airborne magnetic and radiometric survey was flown over all IRIS’s Kookynie and Leonora tenure. Data was collected at 50m line spacing and average sensor height of 30m above ground level.
The survey comprised 6,342 line kilometres in total.
Data Interpretation and Analysis
The aeromagnetic data interpretation of the Leonora airborne geophysical survey has identified 7 high priority structural geological gold targets for evaluation across the IRIS Leonora project area.
These targets are in addition to the company’s existing drill ready targets generated through a combination of historic data, desktop reviews and site reconnaissance.
Mr Paneth said the IRIS Leonora tenement package is underexplored.
He said the aeromagnetic survey data highlights the company’s belief that utilising modern geophysical techniques has the ability to identify new structural targets and further delineate zones of known mineralisation.
Next Steps in Leonora
The company’s geological team has reviewed all new available data and will develop an exploration program to systematically test the additional seven geophysical targets, in addition to its suite of existing drill ready targets.
The company intends to undertake a broader Aircore program across its Leonora project area, with the aim of testing the newly identified targets.
Similarly, IRIS will implement systematic Auger Geochemical sampling in order to better understand the underlying geology and generate further data to complement its aeromagnetic targets. IRIS will utilise this data for the purpose of formulating a maiden Aircore programme at its Leonora project.
For further information please visit: https://www.irismetals.com/
