MetalsGrove Mining Limited (ASX: MGA) has identified a 1,000m X 600m intrusive system considered highly prospective for rare earth element (REE) mineralization at its Bruce Prospect in Australia’s Northern Territory.
The target was identified in a recently completed aeromagnetic and surface geochemistry programme and surface geochemistry work
The Bruce Prospect is located within the company’s Arunta Project, north of Alice Springs in the Northern Territory.
Previous work completed within the Arunta Project has confirmed the presence of REE anomalism associated with Cu-Au and base metal mineralization.
As previously reported, MetalsGrove has identified a broad conductor along strike from the Plenty River mine which has not been tested to date. The recently completed aeromagnetic, radiometric and geochemical data has been processed and overlaid by Intrepid Geophysics to identify and refine new drilling targets for testing in Q2 CY 2023.
“We are very encouraged by the outcomes from our pre-drilling exploration work at the Bruce Prospect which has provided a much clearer insight into the mineralized system we are targeting,” Managing Director, Sean Sivasamy, said.
“The comparisons of the rare earth distributions with other projects in the Arunta region – namely Brown’s Range and Nolan’s Bore – are very encouraging and follow up drilling is planned to commence later this quarter. Our Phase 1 drilling will commence at these priority targets within Bruce and this will be followed by drilling at the Box Hole and Edwards Creek Prospects.
“I would also like to thank the station owners within our Arunta Project, along with the traditional owners Huckitta Aboriginal Corporation and Ingkekure Aboriginal Corporation of the project area for assisting with getting this programme completed on time. I look forward to providing further updates as we near the commencement of drilling at Arunta.”
For further information please visit: https://metalsgrove.com.au/
