Traka Resources and Western Areas work up EM targets

THE DRILL SERGEANT: Traka Resources (ASX: TKL) announced the identification of a number of electromagnetic (EM) targets by its joint venture partner Western Areas (ASX: WSA) in the Jameson area of the company’s Musgrave project.

Traka entered into the JV with Western Areas in June 2013, immediately after which WSA embarked on a program of work in a number of priority areas highlighted by previous exploration activity.

Traka said it had been encouraged by the progress the JV has achieved to date, which it considers to be a positive indication of any follow up work and drilling to come.

According to the company’s ASX announcement Western Areas plans to build on the results Traka has generated by way of exploration activities as well as utilising its own in-house experience to focus on the discovery of higher grade mafic hosted ore-bodies.

Recent exploration activities involved ground geophysical surveys of previously-identified priority targets areas, during which two EM crews systematically screened approximately 90 square kilometres of the project looking for the presence of conductors indicative of nickel and copper sulphides.

 

Plan showing JV tenure (blue), known nickel-copper deposits (green
stars), and recently defined EM anomalies (yellow stars) over TMI
magnetic. Source: Company announcement

 

“The data from the surveys has returned a number of conductive targets which are located on or adjacent to interpreted mafic intrusions,” Traka said in its ASX announcement.

“A number of these conductors are also located in areas of previously defined nickel and copper geochemical anomalism.

“Given their favourable nature and interpreted geological setting, the discovery of these conductive anomalies is extremely encouraging for the presence of nickel and/or copper sulphides.

“Further modelling of the conductive responses will be undertaken prior to the planning of drilling.”