🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

SensOre identifies new gold mineralisation in previously undrilled area

Published 17/11/2022, 11:54 am
© Reuters.  SensOre identifies new gold mineralisation in previously undrilled area
GC
-
NGD
-

SensOre Ltd (ASX:S3N) has released encouraging results from an early-stage, first-pass targeted aircore drilling program at its wholly-owned Boodanoo Project, southwest of Mount Magnet in Western Australia.

Importantly, SensOre’s Discriminant Predictive Targeting® (DPT) has identified new gold mineralisation at Boodanoo in an area with no previously known gold occurrences or drilling.

The results are part of the cumulation of systematic exploration of one of the first mineral systems targets identified by SensOre’s DPT over the past two years.

Results include:

  • 22BDAC002 returned 1-metre at 1.19 g/t gold from 18 metres; and
  • 22BDAC006 returned 1-metre at 1.22 g/t from 39 metres.
About the program

S3N has conducted a systematic target test including ground gravity survey and surface sampling, geological mapping and finally an aircore drilling program.

The conventional program was augmented by data fusion and interrogation by machine learning applied to multi-element geochemistry prior to drilling. Newly discovered mineralisation is associated with quartz sulphide (pyrite, pyrrhotite) veining in fresh medium-grained amphibolite below a shallow weathering profile.

The project is in the Windimurra-Narndee belt at the eastern margin of the Murchison domain of the Youanmi Terrane.

The drilling program, undertaken by Kennedy Drilling in Q1 2022 comprised 35 aircore holes for 1,143 metres.

Initial sampling of 4-metre composites produced encouraging results from two holes (22BDAC002 and 22BDAC006).

Additional sampling of 1-metre splits from these holes was completed in September with plus one gram per tonne results recently received, confirming the target as an area of interest.

"Validation of predictive approach"

“Whilst the drilling results are at an early stage, the newly identified gold mineralisation is in an area not recognised for gold potential or previously drilled,” CEO Richard Taylor said.

“This discovery is validation of SensOre’s ML/AI predictive approach and is highly encouraging, indicating potential for an economic mineral system.

"The results demonstrate how a staged, methodical exploration program augmented by SensOre’s ML/AI tools can be used in combination to assess, de-risk and advance exploration projects.

"Consideration is now being given to follow-up drilling being planned for 2023.”

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.