News: AusQuest expands Fraser Range nickel-copper footprint

AusQuest Limited (ASX:AQD) is expanding its tenement holding in the Fraser Range nickel-copper province of Western Australia.

The company has lodged a new Exploration Licence Application covering a ground package 60 kilometres south of Sirius Resources’ (ASX:SIR) Nova-Bollinger deposit, bringing its land holding in the area to 1,850 square kilometres.

The new application, Balladonia North, lies immediately north of AusQuest's Balladonia South tenement, and contains targets considered prospective for Nova-Bollinger-style discoveries.

These tenements straddle the south-eastern boundary of the Fraser Range Terrain, and coincide with a large gravity response.

Aeromagnetic data over the tenements highlight a number of inferred mafic intrusions both parallel to and cross-cutting the general trend of the Fraser Range Belt.

These intrusions are characterised by negative magnetic anomalies similar to those being tested by Sirius at their Crux and Centauri prospects.

The larger anomalies strike parallel to major north-east trending structures and represent priority nickel-copper sulphide exploration targets.

Native Title approval was recently obtained for the southern tenement which should allow the title to be granted within the coming months, whilst Native Title approval for the northern tenement will take around four months.

Surface sampling and helicopter electromagnetic surveying will be used to identify targets for drilling.