Metallica Metals Corp. (CSE: MM) has identified a number of new targets from interpretation of its airborne MobileMT geophysical survey that was flown on the Richview Pine Project west of Marathon, Ontario, Canada in 2021.
The geophysical survey collected MAG (magnetics), EM (electromagnetics) and VLF (very low frequency electromagnetics) data across the combined Richview Pine property.
An in-depth structural analysis using this geophysical data was recently conducted by external geophysicist MB Geosolutions that has resulted in the generation of refined exploration targets for the Project.
Highlights:
- 17 Ni-Cu-PGM targets generated across the combined East and West blocks.
- Of particular interest are targets displaying remanent magnetism, which can be a feature of PGM deposits, that are also located in proximity to important structures.
- Metallica Metals holds a portion of the western side of an important geological contact, being the interface between the Proterozoic Coldwell Alkalic Complex and the Archean Schreiber-Hemlo Greenstone Belt, where Generation Mining discovered the large Marathon Deposit along the eastern side of the same contact.
- Target generation work will allow Metallica Metals to complete a more focused surface exploration programme with these important structures and areas of remanent magnetism in mind.
“These results are a great addition to the already strong geophysical indicators that we also received on our Sammy Ridgeline Project,” CEO, Aaron Stone, said.
“There is a renewed PGM focus in area after Generation’s Marathon discovery, who have proven that the Coldwell/Schreiber-Hemlo geological contact, of which we hold the western portion, is ripe for hosting mineralisation.
“With planning already underway for a programme on our Sammy Ridgeline Project, it’s great to now have a backlog of new exploration targets that warrant follow-up ground work.”
The airborne MobileMT survey was flown by Expert Geophysics (EGL) of Newmarket, Ontario.
The structural analysis and target generation work were completed by geophysicist MB Geosolutions of Fossambault-Sur-Le-Lac, Québec. MB Geosolutions have previous experience interpretating geophysics data over PGM deposits and were encouraged by the geophysical signatures and structures present on the Project.
For further information please visit: https://metallica-metals.com
