Classic Minerals doubles Mammoth ‘hot zone’

THE DRILL SERGEANT: Classic Minerals (ASX: CLZ) is currently reviewing geophysical data including historic geochemistry to the south of its Mammoth discovery within the company’s Fraser range project in Western Australia.

The company said the review has now has highlighted a three kilometre extension to the conductive target zone extending the conductive target ‘hot zone’ around Mammoth to over six kilometres in length.

 

VTEM image showing growing hot zone for exploration through northern end of Fraser Range tenement. Source: Company announcement

 

The company indicated it will commence a new geochemistry program by the end of the month and fly new aeromagnetic survey during April to continue to refine its exploration targeting.

“It’s very clear that what we have seen close to surface at Mammoth is only the very tip of a larger system at work through our Fraser Range tenement,” Classic Minerals managing director Justin Doutch said in the company’s announcement to the Australian Securities Exchange.

“Our latest geophysics interpretation at the northern end has highlighted multiple high priority targets, including EM conductors and aeromagnetic anomalies, through what is now a six kilometre long conductive target zone.”

Classic explained the latest series of drilling at Mammoth, proving up depth and strike extensions to the North East, were part of the approved 100 holes for the area.

The company has applied to drill additional holes along strike to the south west where it has five priority, untested targets.

“Off the back of further analysis of historic geochemistry that has discovered nickel, copper and zinc calcrete anomalies at the southern end of the six kilometre hot zone, we will also introduce aircore drilling in the coming weeks to undertake further geochemistry at bedrock,” Doutch said.

“This activity, in combination with our plan to fly a far more detailed aeromagnetic program over the whole of the tenement in April will provide a more detailed structural interpretation to help us direct future ground EM surveys which are in planning to look 300 to 400 metres below surface to get a far stronger understanding of what is lighting up this area.”

The six holes completed so far at Mammoth, to test along strike and at depth, have demonstrated continuity of mineralisation well below 140m which had been the previous depth extent of drilling undertaken.

Samples have been submitted for analysis and results are awaited.

The sulphide mineralisation at the Mammoth nickel-copper deposit now extends 240m along strike.

Email: admin@classicminerals.com.au

Website: www.classicminerals.com.au