Taiton Resources Ltd (ASX:T88) has completed the heritage survey at the Merino Prospect within the Highway Project in South Australia, setting the stage for Taiton to proceed with the UltraFine soil survey and the maiden drilling program.
Taiton’s South Australian projects.
Heritage survey
The Antakirinja Matu-Yankunytjatjara Aboriginal Corporation has completed a heritage survey over the Merino prospect and has sent the company its report on its findings.
This report has outlined that Taiton can proceed with the UltraFine Soil Survey and the maiden drilling program.
UltraFine soil survey
The UltraFine soil sampling program will be completed across a 5km-by-5km area covering the alteration on the surface based on geophysical and geological data collection and interpretation.
Proposed UltraFine soil sampling area (red box) covering the interpreted alteration footprint and intrusion.
Due to the scale of the potential hydrothermal system, Taiton is carrying out the UltraFine soil sampling program to identify the most prospective areas within the system to focus future drilling programs.
Taiton will analyse for the full suite of elements including molybdenum, base metals, and rare earth elements.
The company has received approval from the Traditional owners to carry out this program and plans to start fieldwork in early July.
Status of EPEPR application
Taiton now awaits the approval of the South Australian Department for Energy and Mining (DEM) for its Exploration Program for Environment Protection and Rehabilitation (EPEPR) application which will allow the company to start its maiden drill program over the Merino prospect.
The approval of DEM is expected soon.
“Another milestone in our journey”
Taiton managing director Noel Ong said: “The completion of the heritage survey completes another milestone in our journey to uncover the potential of the Highway Project.
“The completion of the heritage survey has allowed our UltraFine soil survey to commence.
“The UltraFine soil survey is the result of our belief that the Merino Prospect may be uncovering a polymetallic nature.
“The new thinking is the result of the exploration team re-testing the potential style of intrusion related mineralisation.”
Drilling program will be the litmus test
Ong added: “The upcoming maiden drilling program will ultimately be the litmus test.
“We are now awaiting the approval from the South Australian Department for Energy and Mining to approve the EPEPR to proceed with the drilling program.
“The company is excited to uncover potentially, South Australia’s next mineral province.
Taiton has been systematically ticking the boxes at the Highway project so that it can uncover a fertile mineral system that may parallel that of the Olympic IOCG Belt.
“Exciting times lies ahead for the company in the coming months.”
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