Northern Territory Government to co-fund extensive gravity program at Molyhil

The Northern Territory Government will co-fund an extensive geophysical gravity program over Investigator Resources’ (ASX:IVR) Molyhil tungsten-molybdenum project.  

Other than a broad spacing regional gravity program undertaken in 2006, no detailed gravity surveys have been completed at Molyhil or the surrounding area.  

The results from this upcoming survey will provide high resolution gravity data over Molyhil and the surrounding area.  

The 3400 gravity station program is expected to be completed by November. 

Investigator managing director Andrew McIlwain said the company is pleased to have received the grant.  

“Investigator are pleased to have received this commitment from the Northern Territory Government, recognising an initiative that will support the advancement of the Molyhil tungsten project,” he said.  

“Our view of Molyhil is that there are opportunities, both in re-estimation of the resource, as well as the regional prospectivity, and this gravity program and planned drilling will enable us to develop a view of Molyhil’s future before the completion of our stage one earn-in commitment by May next year.”  

Previous work at Molyhil has focused on the existing resource with little to no systematic exploration of the broader potential of the tenement.  

After reviewing previous exploration activity, Investigator have identified multiple high-amplitude magnetic anomalies that may represent skarn tungsten mineralisation.