Results from 3D inversion modelling on the Moodang Well prospect were received. A total of eleven target areas were delineated. The target areas are zones of low magnetic responses interpreted to be attributable to granite intrusions that may be related to tungsten mineralisation. They are based on the geological model of a carapace of prospective rock units overlying shallow, volatile granite bodies. Four of these target areas are coincident with prospects delineated by ANZECO’s exploration in the 1970s and their drilling of two prospects (Zone 8 and Zone 11) delineated the presence of significant tungsten mineralisation. Planning is currently well advanced to enable some of these target areas to be tested by drilling in the future.
September 30, 2007
Processing of the aeromagnetics and radiometrics survey was completed and interpretation is in progress. Initial analysis has identified several targets which will be followed up once confirmed.
June 30, 2007
Data from the the 2006/2007 year aeromagnetic and associated radiometric survey was being processed.
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