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Symons Hill- Fraser Range
Tenement covers 96km2, 6kms SSW of Independence Group’s (ASX:IGO) Nova Nickel Mine.
Exploration to date; regional soil sampling, high resolution, aeromagnetics, gravity, ground electromagnetics, aircore, RC and diamond drilling.
1% Ni in weathered olivine gabbro at SHG02, SHG03. Typical intercepts include:
RC drilling confirmed strongly enriched Ni values in fresh olivine-bearing gabbro which is interpreted to form part of a regionally extensive complexly folded stratabound metagabbro unit.
Regional, high powered (150-200A) EM survey was completed.
Survey carried out as part of a research and development project, designed to develop and improve EM equipment and techniques to explore for massive sulphide deposits to a depth of >700m below surface.
Tenement wide EM survey completed based on 800m x 1200m loops.
HPMLEM identifies sulphides (Iron Sulphide) at Targets C56 and VA11.
Collaborative Research Project with CSIRO
Collaborative research project jointly funded by Matsa and the Commonwealth Scientific and Industrial Organisation (CSIRO).
Project is intended to integrate geochemical data, drilling data and airborne and ground geophysical data to provide a more complete understanding of geological processes in this deeply weathered terrain.
Aims to improve techniques to explore for Nova style NiCu massive sulphide deposits.