Forge Resources identifies West Eucla EM anomalies

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THE DRILL SERGEANT: Forge Resources (ASX: FRG) has had an airborne TEMPEST Geophysical survey conducted on the company’s Fraser Range West Eucla project.

The company said interpretation of the electro-magnetic (EM) survey has demonstrated it achieved its three main objectives, which were:

–    To identify any discrete EM anomalies within the basement that may be associated with base metals deposits;

–    Interpretation of the basement structure to assist in the identification of potential locations for base metal deposits; and

–    Mapping of palaeochannels to assist with ongoing Heavy Mineral sands exploration.

The West Eucla project is located 20 kilometres south of Sirius Resources’ (ASX: SIR) Nova nickel-copper discovery and directly south east of Sheffield Resources’ (ASX: SFX) Red Bull project.

All projects are situated within the newly-anointed Fraser Range nickel province in Western Australia.

Forge indicated it was these recent Fraser Range discoveries which prompted its investigations into the potential of the West Eucla tenements for base metals and gold.

The EM survey identified a number of anomalies, highlighting three areas of greater interest for Forge.

These were defined by a cluster of high-order EM anomalies in each area, which have now been ranked according to the company’s degree of interest and clarity.

 

Map showing the interpreted major structures, depth to basement
(based on conductivity contrasts) and the location of the ranked EM
anomalies. Souerce: Company announcement

 

Forge said it intends to follow these areas up with ground geophysics to enable higher resolution of these anomalies with the aim to eventually drill test those anomalies that display further potential.

“These are highly encouraging results to the first phase of exploration into the project’s potential to host primary mineralisation,” Forge Resources managing director Matthew James said in the company’s announcement to the Australian Securities Exchange.

“While these EM anomalies may be the results of a number of geological processes, their occurrence and in particular the clustering of high-order anomalies into three areas has provided the company with three key areas of interest that can be investigated with a focused approach.”