THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has kicked off a major geophysical program at the company’s Paterson project located in the Paterson Province of Western Australia.
In February this year, Carawine Resources announced the identification of six priority target areas at the Red Dog and Baton projects from a combination of historic drill and geological data and re-processing of airborne magnetic and electromagnetic (EM) geophysical data.
Each prospect contains many elements common to the major deposits and recent discoveries in the Paterson region, including prospective host rocks, geophysical anomalies, and intrusion-related (skarn-style) alteration.
The company anticipates the results of the program will be used to identify targets for drill testing later this year.
Our Paterson tenements were pegged prior to the recent increase in activity within the region, so we were able to secure areas with the right host rocks, under shallow cover, and limited historic exploration,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.
“The commencement of our Paterson exploration campaign therefore represents an important and exciting stage for the company.
“We are using geophysical methods proven to be successful in the region, particularly on ground similar to ours, and which have led to several major discoveries in the region.”