SVD hit the ground running commencing HEM geophysical survey

|

Published 25-AUG-2020 11:37 A.M.

|

3 minute read

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

In the lead up to its upcoming maiden drilling campaign, ScandiVanadium Limited (ASX: SVD) has commenced a high-resolution helicopter electro-magnetic (HEM) survey over the company’s 100% owned Pascalle Gold Project.

The Pascalle Gold Project is located in the heart of the Paterson Province in Western Australia, one of the most sought-after exploration districts in the state.

Renewed exploration in the region has resulted in some major discoveries in recent years including Greatland Gold’s (AIM: GGP) Havieron discovery, Rio Tinto’s Winu discovery, alongside Newcrest Mining’s (ASX:NCM) 32Moz Telfer Mine and processing plant.

Based on the early work to date, SVD’s Pascalle Gold Project looks highly prospective for Telfer, Havieron and Winu style gold-copper deposits.

The recent discoveries by Rio Tinto at Winu and Greatland Gold at Havieron have demonstrated the importance of geophysical surveys in aiding discovery of tier one gold copper prospects in the region — SVD is now following the same process

HEM geophysical survey

In this first phase, the high-resolution geophysical surveying will provide detailed geological information and allow three-dimensional modelling of targeted anomalies. This leads into the design of a maiden drill program which is expected to commence in the coming months.

Anticipated to take six to seven days, the high-resolution geophysical survey will be conducted with the NRG flying XciteTM HEM system at 100m line spacing.

The system provides uninterrupted ‘soundings’ from near surface to >300m depth of investigation, sufficient to see through Permian cover and reveal conductivity anomalies in the basement rock beneath.

It will simultaneously collect high resolution conductivity data and infilling historic magnetic survey.

The shallow depth to basement for the Pascalle Project enhances the effectiveness of the survey.

HEM systems have previously been successful in identifying mineralisation in Paterson Province, including at Rio Tinto’s (ASX:RIO) Winu deposit.

The company’s Executive Chairman, David Frances, explained that the system selected is the same as was involved in the discovery of Winu beneath similar depths of cover and will be vital in the planning of our maiden drilling campaign in H2 2020”.

Winu is a high tonnage copper discovery made by Rio Tinto (ASX:RIO) in the Paterson Province in 2017, where Rio recently a released maiden Inferred Mineral Resource. Rio has also revealed the discovery of a new zone of gold dominant mineralisation approximately two kilometres east of the Winu deposit.

The Pascalle Project sits between Newcrest’s 32Moz Telfer Mine and processing plant, 20 kilometres to the west, and Greatland’s Havieron discovery, located 14 kilometres east.

Havieron has consistently delivered spectacular drill results including 275m at 4.8g/t gold and 0.6% copper.

Here you can see a recent Airborne ElectroMagnetic survey at Greatland Gold’s nearby landholding:

While still in possession of its European vanadium assets, the company is now squarely focused on exploration at its newly acquired WA projects — the Pascalle Gold Project in the Paterson Province, plus the Gnama Nickel Project in the Fraser Range.



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.

 

Discover Small Cap
Biotech Stocks

Join thousands of other Investors following our stock commentary for Free

X