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Mount Ridley Mines update on Mt Ridley Project

Mining News - Published on Thu, 24 Jan 2019

Image Source: Proactive Investors
Mount Ridley Mines Limited announced an exploration update at its 100% owned Mt Ridley Project, located 70km north east of Esperance in Western Australia in the Albany Fraser Range Province WA. A number of discrete magnetic geophysical features have been selected by the company’s technical team at CSA Global and SGC/GeoPotential Consulting. The priority with this phase of Aircore Drilling is to apply the current understanding of the characteristics and target similar magnetic features (and potentially magmatic nickel-copper-cobalt sulphides) to those found in mineralised mafic-ultramafic intrusive lithologies in the vicinity of the Nova-Bollinger mine in the Albany Fraser Range.

To date magmatic nickel-copper-cobalt sulphides identified on the Mount Ridley project hosted in coarse grained varitextured mafic to ultramafic gabbronorite and peridotite rocks are typical of magmatic nickel sulphide systems. Given the number of geophysical features that are yet untested beneath cover, there remains good potential to identify further magmatic nickel-copper-cobalt sulphides within the project area.

Should the AC drilling campaign be successful, the Company will seek to complete high powered moving loop electromagnetic (HP MLTEM) surveys as soon as practical to target any potential magmatic sulphide accumulations.

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Posted By : Rabi Wangkhem on Thu, 24 Jan 2019
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