Meteoric to conduct VTEM survey over Canadian cobalt projects
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Canadian cobalt focused explorer Meteoric Resources NL (ASX:MEI) today announced it has contracted Geotech Limited to commence a 714 line-kilometre airborne VTEM (Versatile Time Domain Electro Magnetic) survey over the company’s 100% owned Iron Mask, Mulligan East and Beauchamp Cobalt Projects — all located in Ontario, Canada.
The VTEM system is the most innovative and successful airborne electromagnetic system to be introduced in over 30 years.
The system will be coupled with a “high dipole moment transmitter” which provides high-quality resolution and depth of investigation, and geometrics split-beam magnetic sensors will also be utilised on the survey. These magnetic sensors will perform continuously in areas of high magnetic gradient to accurately define the Nipissing Diabase in the sub-surface.
The anomalies defined by the VTEM airborne survey will be subsequently modelled in 3D, providing the company with well-defined, high resolution geophysical targets. This, in turn, will enable MEI to begin advanced exploration activities at all three project locations.
MEI Managing Director Andrew Tunks commented on today’s news: “With drilling at Mulligan well underway it is crucial we fast track our summer exploration work by commencing airborne surveys across our three largest cobalt projects in Ontario.
“We have found that the cost of flying airborne VTEM surveys in Canada is extremely cheap when compared to other locations globally and given Iron Mask, Mulligan East and Beauchamp cover over 60km2 of ground prospective for cobalt mineralisation, flying the chopper survey as a first pass is a very cost-effective method for generating targets.
“In quick time the airborne survey will provide us detailed results on the potential for mineralisation in the sub-surface and allow our field crews to continue to complete our target generation for advanced exploration activities, including drilling at our other projects.”
It should be noted that MEI is in the early stages of its exploration here and investors should seek professional financial advice if considering this stock for their portfolio.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
