Multiple high-priority EM targets identified at Balladonia

Multiple high-priority electromagnetic (EM) targets have been identified at AusQuest’s (ASX:AQD) Balladonia project in the Fraser Range region of WA.

A 1104km airborne VTEM survey was flown along east-west flight lines spaced 200m apart with a base frequency of 25Hz.

Preliminary interpretation of the VTEM data has outlined several strong electromagnetic responses, indicative of potential massive sulphide mineralisation. These responses extend over 300m to 1km in length and are generally discrete in nature.

The larger anomalies are considered more likely to reflect graphitic source rocks while the moderate conductive responses that coincide with distinct magnetic lows are considered potential carbonatite targets.

AusQuest managing director Graeme Drew says the VTEM survey had generated a series of compelling targets, further elevating the prospectivity of Balladonia.

“This is an exciting new development for Balladonia and we are looking forward to following the targets generated by this extensive VTEM survey,” he said.

“Exploration at Balladonia continues to provide us with encouragement that a new base metal and possibly rare earth element discovery could be made in this area.

“We are looking forward to continuing our efforts in this area and reporting results as and when they come to hand.”

Earlier reconnaissance drilling at Balladonia confirmed the presence of widespread prospective host rocks for Broken Hill type mineralisation while also supporting the possibility of carbonatite-related mineralisation.

Further exploration at Balladonia is currently the subject of discussions under the Strategic Alliance Agreement with a wholly owned subsidiary of South32.