THE DRILL SERGEANT: Ram Resources (ASX: RMR) has identified two more prospective electro-magnetic conductors at the company’s Fraser Range North nickel project in Western Australia.
The new conductors were identified during a recent program involving 15 line kilometres of ground Moving Loop Electro-Magnetic (MLEM) surveys.
Ram has completed around 40 line km of ground MLEM over geochemical and magnetic targets at Fraser Range North.
The new conductors (FRN-EM4 and FRN-EM11) add to two EM responses the company identified last year (FRN-22 and FRN-32).
Ram completed a MLTEM ground survey on a proximal 400m x 200m grid pattern over the tenements targeting interpreted mafic/ultramafic intrusions from a magnetic survey it completed in 2014.
The company considers the four conductors identified so far to warrant further evaluation.
EM Bed Rock Conductor FRN-22 forms a 500m continuous zone of moderate conductance and is associated with elevated nickel in soil values;
EM Bed Rock Conductor FRN-32 sits between two interpreted mafic intrusions at the southern end of a magnetic eye feature which extends to the north, into Segue Resources ground. The depth of cover is unknown but conductive overburden has hampered modelling of ground EM FRN 32.
EM Bed Rock Conductor FRN-EM 4 sits on the eastern edge of what is possibly a large magnetic / ultramafic complex and appears to be bound by a major NNE striking fault.
EM Bed Rock Conductor FRN-EM 11 is a broad, asymmetric, late time double-peaked response the company thinks could represent deep, steeply easterly dipping bedrock conductor.
“We are very encouraged by the latest EM bed rock conductors identified at the Fraser Range North project, which add to the two existing targets,” Ram Resources managing director Bill Guy said in the company’s announcement to the Australian Securities Exchange.
“Ram is now assessing the potential benefits of conducting a gravity survey over these bed rock conductors to help define and prioritise drilling targets.”