THE DRILL SERGEANT: Windward Resources (ASX: WIN) has claimed to have identified a new exploration opportunity within the Western Margin prospect, part of the company’s 70 per cent-owned Fraser Range North project in the Fraser Range province of Western Australia.
The new area of interest is located approx. 3.5 kilometres due east of the Nova nickel-copper deposit, currently being developed by Independence Group (ASX: IGO).
Windward explained the new prospect had been delineated following a reassessment of the project’s exploration potential and through the application of new state-of-the-art exploration methodologies.
The company said the new area includes a large residual gravity feature in an area below a paleo-channel, which has not previously been drill tested.
Previously collected soil geochemical samples show nickel and copper values that are indicative of the presence of mafic and possibly ultramafic rocks.
Windward consider this opportunity represents a priority area for follow-up exploration activities and as such will form the focal point of a proposed new phase of exploration activity by the company at the Fraser Range North project.
“The size and location of the new gravity anomaly – within the newly identified structural corridor at the Western Margin – are the key characteristics of this prospective new exploration opportunity identified by our exploration team, and clearly warrants follow-up exploration,” Windward Resources executive chair Bronwyn Barnes said in the company’s announcement to the Australian Securities Exchange.
“The next steps are to undertake ground geophysics and commence targeted aircore drilling with a view to refining targets for possible deeper drilling, in order to establish whether this previously untested location has the potential to host a sizeable nickel-copper system.
“It is important to note that this is a completely different area to the previously drilled WMA1 conductor.”