Lycaon Resources Ltd (ASX:LYN) has commenced a high detail drone magnetic survey at the Rocky Dam gold project in the Goldfields region of Western Australia.
Technical Director, Thomas Langley, said the company is also completing extensive auger sampling for new target generation across the broader tenement package.
“It’s great to have the magnetic survey underway at Rocky Dam following the opening of WA borders,” Mr Langley said.
“The drone survey will provide a highly detailed magnetic dataset to assist in geological interpretation and exploration targeting going forward.
“Following the recent RC drill programme being completed, I’m looking forward to reviewing all of the assay results and building on our knowledge of the mineral system at Rocky Dam.
“The auger sampling programme across the broader tenement package will be important in identifying new targets and I’m hopeful we will have multiple new targets to follow up with further auger sampling and drilling throughout 2022.
“Furthermore, the company will begin a project wide technical review of lithium potential across the company’s goldfields tenure, reviewing publicly available historical reports and WAROX data for possible lithium bearing pegmatites.”
Ultramag Geophysics will fly a detailed magnetic survey over 29.5 sq. km at the Rocky Dam gold project to assist with exploration targeting. Magnetic data will be recorded over the survey area using a DJI Matrice UAS flying at 8 m/s with a GEM Systems GSMP-35U sensor.
The line spacing will be 40m, with the expected duration of the data acquisition to take approximately two weeks.
Gyro drilling is undertaking an auger program designed as a first pass geochemical survey to define anomalies that may be related to primary gold mineralisation at depth across tenements E27/611, E27/612 and E28/2988.
It is a key step in exploration targeting, with subsequent further infill and extensional auger soil sampling to follow, if results warrant. The auger samples will be completed on an east-west 100m grid and north-south 400m grid spacing, for a total of 1,288 samples.
The company proposes to complete further auger sampling and aircore drilling shortly after this initial auger sampling concludes.
Both the drone survey and auger sampling will assist in ongoing geological review to identify, prioritise, and rank new targets for further exploration programmes.
The Rocky Dam Project comprises nine granted and one pending Exploration Licences covering approximately 162.8 sq. km, a significant landholding in the highly prospective Norseman – Wiluna Greenstone Belt around the Yindarlgooda Dome within the Eastern Goldfields.
The Project is centred 60km northeast of Kalgoorlie via sealed and well-maintained gravel roads. The Project is close to significant mining infrastructure and surrounds gold producer Northern Star Limited’s recent Kurnalpi Project acquisition and active explorers Riversgold Limited and Black Cat Syndicate Limited.
Exploration work to date at the Rocky Dam Project has identified gold mineralisation at the CRANorth Prospect. The prospect was first discovered in the 1990s as a 700m long gold anomaly along a sheared contact of felsic volcanics and black shales. Historical drilling has returned encouraging results delineating thick shallow zones of supergene gold mineralisation.
