Australian Potash Ltd has advised that ongoing work at the company’s 100% owned Laverton Downs Project (LDP) has returned compelling targets with Kambalda-style large nickel sulfide potential. A limited programme of versatile time domain electromagnetic (VTEMTM) surveying has returned six well defined conductive plates interpreted to be indicative of massive sulfides. The geological setting and initial geochemical analysis support the potential for these plates to represent nickel sulfides. Three high priority target areas have been defined and plans for drill testing are being advanced.
Electromagnetic geophysics is an excellent discovery tool for massive sulfide metal deposits, including copper and nickel, and is routinely used in Western Australia with success. Alongside the VTEM survey, the company has located and resampled 450 legacy drill holes that will extend the geochemical model over the project area, with results and analysis from this sampling program pending.
Australian Potash Managing Director and CEO, Matt Shackleton, said: “The strength of the VTEM targets generated from the first time use of this technology at Laverton Downs is highly encouraging.
“We are following a similar pathway to creating value as we did at the Lake Wells Gold Project where initial low-cost exploration by APC defined targets which attracted a major partner to fund on-going work. Beginning with high-precision geochemical analysis and interpretation by external consultancy CSA Global, we then opportunistically flew a limited VTEM programme. The strength of the EM response at these compelling conductor targets suggests we go directly to a drill programme targeting massive nickel sulfide mineralisation.
“With both gold and nickel sulfide targets, APC’s exploration team are planning a first pass drill programme to create further value in this strategically located asset.”
Read the article online at: https://www.globalminingreview.com/exploration-development/09042021/australian-potash-identifies-nickel-sulfide-targets-at-laverton-downs-project/