Share
clock Created with Sketch. 21/01/15
18:57
Share
Originally posted by Mahony
↑
Just read this in WSA activity report, early days but pleasing to see WSA aren’t wasting time and like it On 9 October, 2014, the Company announced the execution of separate Farm-in and Joint Venture Agreements with Gunson Resources Limited (now Strandline Resources Limited) and Monax Mining Limited. The Agreements provide a staged program for Western Areas to acquire up to a 90% interest in a number of key tenements within the Western Gawler region of South Australia. The total area included under the Western Gawler JV Project area is approximately 2,746km Exploration activities commenced during the quarter, which saw the completion of a project wide airborne magnetic survey. The survey was designed to enhance the resolution of the existing government magnetic dataset, and a total of 57,477 line kms were flown by geophysical provider Magspec Airborne Surveys. Final data will be received early in the March quarter. The new magnetic data will form the basis of a detailed geological interpretation and will be integrated with the historical drilling database. Whilst the interpretation has not yet been completed, the data is extremely encouraging and the high resolution images have already highlighted numerous features that are likely to represent large mafic-ultramafic intrusions, in areas of known gabbroic rocks. Page 18 Activity Report The next phase of exploration is currently being planned and will result in a major drilling program during mid 2015, once the required statutory access approvals are received. The program will be designed to characterise the basement lithology, and to provide a project wide geochemical and geochronological dataset. Additionally, further airborne and surface geophysics will be used in selected areas to provide information on the effectiveness of the various geophysical methods for imaging the covered basement.
Expand
Thanks Mahony,
