Musgrave Minerals defines new targets at Mt Woodroffe

THE DRILL SERGEANT: Musgrave Minerals has identified a new nickel-copper target at the company’s Mt Woodroffe project, located in the Musgrave Geological Province of South Australia.

The Mt Woodroffe project is situated on Musgrave’s wholly-owned tenement in the eastern portion of the Musgrave Geological Province located approximately 115km west of the Stuart Highway and Adelaide to Darwin railway line.

Location of Musgrave Minerals’ exploration licences. Source: Company announcement

Musgrave has classified the newly-identified Lister target as high-priority.

Lister is in an area of shallow cover and is described by the company to be a versatile time-domain electromagnetic (VTEM) target with coincident geochemical, magnetic and gravity responses.

Musgrave is set to commence a regional VTEM survey of 11 blocks over five tenements covering new priority exploration areas.

This survey will include a block at Mt Woodroffe to the west of the current exploration in an area dominated by a coincident regional gravity and magnetic high.

The regional survey is due to commence this week and will take approximately three weeks to complete.

“The Musgrave geological province is considered very prospective for magmatic nickel-copper sulphide deposits with the region host to the large Nebo-Babel nickel-copper sulphide deposit in the West Musgrave currently held by BHP Billiton,” MusgraveMinerals said in its ASX announcement.

Besides the activity at Mt Woodroffe, Musgrave’s said it will recommence its regional vacuum drilling program at Deering Hills in August.