Boadicea Resources Limited (BOA) is involved in acquisition of exploration tenements in Western Australia for evaluation and the discovery of commercially viable mineral deposits, with a focus on gold. BOA recently entered into the Option Agreements to acquire the Projects, which are prospective for gold in the Cue, Leonora and Norseman areas in Western Australia.
SYMONS HILL PROJECT: The project is located east of Norseman and 200km SE of Kalgoorlie and comprises an exploration licence of approximately 123sqkm in size. The project is within the part of the Proterozoic Albany Fraser Belt, which hosts Anglogold Ashanti s Tropicana gold deposit. Initial field work has outlined a large gold in soil anomaly exceeding 2 by 1km in area in the western part of the Tenement. BOA aims to explore the project with further geochemical soil sampling, rock chip sampling and geological mapping followed by RAB drilling to delineate target zones.
LAKE AUSTIN PROJECT: The project is located to the west of the township of Cue and comprises an exploration licence application of approximately 171sqkm in size. Potential exploration targets include the alluvial gold which has shed into the major drainage from The Big Bell deposit and the greenstones which have only been cursorily explored by previous explorers.
CALYPSO PROJECT: The project is located 22km east of Leonora and comprises a group of 3 prospecting licences (circa 495ha). Gold mineralisation within the tenement area appears to be mainly confined to the northern zone, appearing to be a supergene pod overlying low grade primary mineralisation. BOA aims to digitise and process the available data with 3D modelling and undertake RAB drilling to delineate target zones in year one.
MURRIN MURRIN PROJECT: The project is located 50km east of Leonora and comprises a group of 4 mining leases (circa 505ha) in size and 2 prospecting licences (circa 367ha). The project warrants a modern exploration approach to determine the extent of the quartz veins and the average grade on the mineralised zone. BOA aims to explore the Project with rock chip sampling and geological mapping followed by RAB drilling to delineate target zones.
BOA Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held