Carawine Resources Identifies New Paterson Project Targets

THE DRILL SERGEANT: Carawine Resources (ASX:CWX) released preliminary results from a VTEM™ Max heli-EM survey completed during June 2019 at the company’s Paterson Project, located in the Paterson Province of Western Australia.

Carawine Resources said the results of the geophysical survey over the Red Dog tenement had identified several new high priority anomalies, adding to the company’s current list of targets within the tenement and setting the it up for an exploration program at the Paterson project this year.

“Helicopter-borne EM systems like VTEM have been successfully deployed to detect anomalies associated with a number of recent discoveries in the Paterson Province, including Rio Tinto’s Winu discovery, as well as defining discrete resistive alteration zones within otherwise conductive sequences such as those associated with Metals X’s Nifty copper deposit,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

“Preliminary data from our Red Dog survey has resulted in much better definition of targets at known prospects Leatherneck, Earl and Bravo, as well as identifying several new, discrete conductive anomalies.

“Once we have received the final processed data, we will model the sources of these anomalies so they can be prioritised for further groundwork and drill testing.”

Analysis of the preliminary, pre-processed VTEM™ Max data identified twelve conductive and four resistive anomalies in new areas and at previously identified prospects.

All anomalies are in areas with recent transported cover, essentially rendering them ‘blind’ to surface geochemical exploration techniques.

The depth to the basement host rocks under this cover is relatively shallow, ranging from 30m in the west to about 120m in the east of the tenement, meaning any drill testing of the anomalies can be done using relatively inexpensive drilling techniques.

Carawine Resources declared its next step to advance these targets is to confirm and model the anomalies once the finalised dataset has been received, which is expected during August.

This will allow prioritisation of the targets for follow-up ground EM surveys and/or drill testing.