Critical metals exploration and development company MetalsGrove Mining Limited (ASX: MGA) has commenced a 5,973-line km helicopter borne magnetic and radiometric survey across key prospects within the company’s 100% owned Arunta Project in Australia’s Northern Territory.
The survey will comprise 3,954-line kilometres at the Bruce Prospect, 1,147- line kilometres at the Box Hole Prospect and 872-line kilometres at Edwards Creek.
MetalsGrove has identified a broad conductor along strike from the Plenty River mine which is adjacent to magnetic features interpreted to be components of the pegmatite intrusion. The broad conductor has not been tested to date.
An aggressive drilling programme is planned to test the bedrock conductor after completion of the current airborne magnetic and radiometric survey.
“This survey programme will play an important role towards refining our priority drill targets for our maiden drilling programme scheduled to commence in quarter four at Arunta,” Managing Director, Sean Sivasamy, said.
“Our technical team has already completed significant work over the Arunta Project which has highlighted the strong potential of the Bruce Prospect including a large broad conductor along strike from the Plenty River mine.
“The Arunta Project is highly prospective for Rare Earth, Copper-Gold, LCT and base metal mineralisation, and we are confident of demonstrating the clear potential of these assets through our targeted, yet aggressive exploration plans over the coming months.
“I look forward to providing regular updates on our exploration advances over the coming weeks in this exciting time for MetalsGrove Mining.”
Bruce Prospect (EL 31225)
The Bruce Prospect is located within the Central Desert Region of the Northern Territory and covers an area of approximately 17,722 ha and the maximum distance across the project is approximately 25 km east–west and 10 km north–south.
The nearest historical mine is the inactive Harts Range garnet mine (approximately 80 km to the west-southwest) while the Molyhil tungsten-molybdenum project (Thor Mining PLC) is approximately 10 km and copper-silver project (KGL Resources) 75 km to the northeast.
MGA recently reported that it had identified a broad conductor along strike from the Plenty River mine which
h is adjacent to magnetic features interpreted to be components of the pegmatite intrusion. The survey which is underway, will comprise 3,954-line kilometres at the Bruce Prospect. Aggressive drilling is planned at the Bruce Prospect following completion of the air borne magnetic and radiometric survey.
For further information please visit: https://metalsgrove.com.au/
