Using satellite spectral imaging, Intra Energy Corporation Ltd (ASX:IEC) has identified multiple prospective lithium and nickel-copper targets at the Yalgarra Nickel-Copper-PGE Project in Western Australia.
These targets coincide with geophysical and geochemical anomalies and will be screened against existing geochemical, geological, and geophysical information to generate a subset of higher conviction targets with multiple coincident anomalies for follow-up work.
While screening is underway, some key targets have already been identified for further work, including near previously-identified pegmatites dykes with helium anomalies in the northeast corner of the tenement.
Field verification of the identified targets will commence in the middle of this month to finalise drilling locations.
Satellite image of the Yalgarra tenement showing targets grouped by type for follow-up work.
“Very encouraging”
“The identification of so many spectral and side aperture radar targets is very encouraging, particularly where these targets are coincident with existing geophysical and geochemical targets,” IEC principal geologist Todd Hibberd said.
“While the target screening work is still underway, some compelling drill targets have already been identified.
“Many new targets are in areas where there is no geochemical data, and these will be visited in the field trip in mid-October.”
Creating shareholder value
IEC managing director Benjamin Dunn added: “The board is extremely pleased with the speed Todd is progressing our Yalgarra project and his identification of multiple, high-quality targets.
“This work continues to highlight the potential of the previously-announced lithium targets.
“But equally, the copper-nickel targets Todd has identified are no less exciting and offer great potential to our shareholders.
“As we have promised, exploration at the Yalgarra project is advancing quickly, with assay results expected in the December quarter and plans moving forward to be drilling on the licence as soon as possible.”
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