Monax identifies new Polinga anomaly
THE DRILL SERGEANT: Monax Mining has identified, what it describes as, a significant new chargeability anomaly, which the company considers could represent a newly-discovered manganese horizon.
The identification was made at the company’s Polinga manganese prospect, which forms part of its Waddikee project, located on Eyre Peninsula in South Australia.
Waddikee project, Eyre Peninsula, South Australia. Background image regional aeromagnetic data. Source: Company announcement
The anomaly was detected while Monax was conducting an expanded Gradient Array Induced Polarisation (GAIP) survey.
This survey followed an original GAIP survey that was planned to include only the area at Polinga where previous drilling was undertaken by Monax.
This had uncovered a chargeability anomaly on the northern boundary of the survey.
Monax decided to expand the GAIP survey northwards to further define the data it had collected.
The expanded IP survey has defined two major bedrock chargeable features which Monax considers may represent manganese mineralisation, enhancing the potential of the area.
“The new anomaly defined to the north of the previous drilling at Polinga represents a genuine target for manganese, and the next phase of drilling will target this feature,” Monax Mining managing director Gary Ferris said in the company’s announcement to the Australian Securities Exchange.
“The correlation between the previous drilling and the new IP data provides encouragement that this newly defined anomaly could potentially represent a new manganese horizon.
“The previous IP survey at our Hodgins prospect successfully showed the high grade manganese intersected in the drilling undertaken in April 2011 correlated with the GAIP chargeability response, providing a level of confidence for the new anomaly at Polinga.”
Monax is planning drilling to commence in late February based on the results of the IP surveys, with separate drilling programs scheduled for Monax’s Hodgins, Jamieson Tank and Polinga prospects.