I believe there was some EM surveys relating to the BOA ground discussed in the prospectus .
Some copy and pastes from the prospectus , which was written well before the Nova excitement .
1. Initial field work undertaken by Boadicea at the Symons Hill Project has outlined a large gold in soil anomaly exceeding 2 by 1 kilometers in area.
2.The Symons Hill Project is located east of Norseman and approximately 200 kilometres south-east of Kalgoorlie and comprises an exploration licence of approximately 123 square kilometres in size. The Symons Hill Project is within the part of the Proterozoic Albany Fraser Belt, which hosts Anglo-gold Ashanti’s Tropicana gold deposit, which now has Resources in excess of 6 million ounces of gold (comprised of Measured Resource of 1.95 million ounces, Indicated Resource of 3.25 million ounces and Inferred Resource of 1.21 million ounces). Initial field work undertaken by Boadicea has outlined a large gold in soil anomaly exceeding 2 by 1 kilometres in area in the western part of the Tenement. The anomaly is not closed off to the north or to the west, and has been generated on lines one kilometre apart, so there is much scope for better definition with extended and infill soil sampling. Boadicea proposes to explore the Symons Hill Project with further geochemical soil sampling, rock chip sampling and geological mapping followed by RAB drilling to delineate target zones in year one.
3.December 2011 in the BOA prospectus . Sirius Resources Limited (“Sirius Resources”) recently announced to the ASX it had commenced detailed soil sampling surveys over five geochemical anomalies originally defined in broad spaced sampling undertaken up to 40 years ago. These anomalies contain elevated values of nickel and copper. In addition to this, a previously identified electromagnetic (EM) conductor coincident with one of these soil anomalies has also been remodeled and verified. These anomalies relate to features visible in aeromagnetic data which are interpreted to represent prospective mafic--ultramafic rock sequences within the deformed Fraser Complex. The GSWA anomaly being explored by Sirius Resources is a coincident nickel--copper--cobalt soil anomaly, originally identified in regional laterite geochemical sampling by the Geological Survey of Western Australia. The anomaly extends 800m along strike with elevated values of nickel and copper in broad spaced (800m by 400m) follow--up soil sampling. The GSWA anomaly sits just to the south of the Symons Hill Project and recent initial sampling on the Symons Hill Project has indicated an anomalous zone several kilometres in diameter. Auger Soil Sampling on several east-west traverses were collected in 2011 in the southern part of the Tenement using an auger rig. The 360 samples were from a depth of 1m and generally of pedogenic carbonate rich soil/saprolite. Sample spacing was 100m and line spacing was 500m in the east and 1km in the west. 360 samples were analysed. Average assay value for Au was 5 ppb with a maximum of 40 ppb. Average assay value for Cu was 21ppm with a maximum of 44 ppm and average assay value for Ni was 26 ppm with a maximum of 63 ppm.
I have no idea what it means from a geological point of view , but it does appear that the BOA ground has shown some indications of nickel , gold and copper near surface which if SIR keep drilling closer and closer to the boa property and keep finding larger and larger anomalies each time they head in the BOA direction , BOA dont need to do to much drilling and just wait till SIR comes knocking looking for a JV to keep heading wider and wider until they find the source of the reason why there is so much nickel in the area
BOA Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
