SIR quarterly reportElsewhere in the Fraser Range Joint Venture...

SIR quarterly report

Elsewhere in the Fraser Range Joint Venture area, several strong coincident nickel–copper anomalies were identified in soil sampling at the Crux Prospect. The anomalies form a cluster within a magnetic feature which is interpreted to be an intrusion. The magnitude of the geochemical anomalies and the scale of the magnetic feature are similar to that found at Nova ( ASX release, 25th November 2013). A conventional moving loop electromagnetic survey was started but not completed due to rainfall in the December period. The survey will be rescheduled for the first quarter of 2014. In the interim, a series of soil surveys will be undertaken along with geological mapping in order to fully define the extent of anomalism within this area.

Original announcement

Future work at Crux will include re-submitting a selection of sample pulps for Au, Pt, Pd by Fire Assay analysis. Moving Loop Electromagnetics will then be used over the main geochemical anomaly to identify any potential bedrock conductive sources that may be related to mineralisation. RAB/AC drilling will be used to further define the nature and extent of the geochemical anomalism, and to gain lithological information.