THE DRILL SERGEANT: Dundas Minerals (ASX: DUN) has applied for a new exploration licence: E63/2170, from the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS).
Dundas Minerals explained the exploration licence to be contiguous with the company’s existing Dundas project licences.
The company submitted the application having carried out initial analysis of its recently completed project scale geophysical surveys, from which coincidental anomalies became apparent from the modelling and analysis of the aerial electromagnetic survey (AEM), the ground gravity survey, and the magnetic survey data.
“It is very early days, but the coincidental AEM, gravity and magnetic anomalies that have been identified in the north-east project area, plus the mafic xenolith that was observed, are encouraging,” Dundas Minerals managing director Shane Volk said in the company’s ASX announcement.
“This is an example of the new exploration target areas that we are able to generate from our upfront investment in project-wide geophysical surveys.
“We were fortunate that the northern extension of the anomalies, which lay outside of our existing tenement, was in an unpegged area so we quickly made application for the ground.
“Plans are in place to more extensively ground-truth the area towards the end of the pending Jumbuck and Kokoda drilling campaigns.
“We are looking forward to what else may be observed in this new unexplored area.”
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