The first drill hole is targeting the middle of a large, 1 km diameter conductivity anomaly identified in the 2022 VTEM survey, located near the historic Phoenix mine. The target zone lies below 160 meters depth. Drilling is progressing and the hole is now just entering the target area.
Survey Defines Multiple Target Areas for Thompson-Style Nickel-Sulphide Deposits
Preliminary results from the VTEM survey led to the identification of several new conductors
The Company will use this data to analyse the existing sulphide mineralisation on the Belvais blocks.
The Shakai discovery lies within a 6 kilometre long, 1 to 2 kilometre-wide northwest oriented zone of anomalous copper in soils. Coincident with this and the Shakai discovery is an irregular conductive zone approximately 2 kilometres in diameter that was outlined by the Company’s 2019 ZTEM survey.
“the Company recently completed a 543 line-km VTEM survey over its recently staked Victory nickel property”
“Our field exploration combined with the airborne survey data will allow us to optimize our efforts by combining the structural geological information with what we know in the field in order to define our next steps.”
Geotech Ltd…. has begun mobilizing to conduct the companies EM survey at its Stony Lake project in Central Newfoundland.
“This leading edge, deep-penetrating airborne survey is an excellent method to locate and better define conductors that could not be detected by historical exploration.”