- Boadicea Resources (BOA) has identified an interpreted dome structure at the Koongulla Project in Western Australia
- In mid-December, a detailed airborne electromagnetic survey was completed which followed on from the assessment of regional geophysics data
- The survey was completed by GPX Surveys of Perth and modelling and interpretation was carried out by Southern Geoscience Consultants
- Of the six targets identified, one is of significant interest as it provides a key exploration target for copper-gold mineralisation similar to Newcrest Mining’s (NCM) Telfer deposit
- Following the grant of heritage and land access, Boadicea will undertake a ground-based gravity survey with the potential to lead to diamond drilling
- Boadicea is up 4.35 per cent on the market and shares are trading at 24 cents
Boadicea Resources (BOA) has identified an interpreted dome structure at the Koongulla Project in Western Australia.
The Koongulla Project is situated in the Paterson Province and covers 488 square kilometres.
In mid-December, a detailed airborne electromagnetic survey was completed which followed on from the assessment of regional geophysics data.
The survey was completed by GPX Surveys of Perth and modelling and interpretation was carried out by Southern Geoscience Consultants (SGS).
This modelling and interpretation identified multiple features that were not previously assessed.
Of the six targets identified, one is of significant interest as it provides a key exploration target for copper-gold mineralisation similar to multiple other deposits in the area.
This includes Newcrest Mining’s (NCM) Telfer deposit which has produced 32 million ounces of gold and one million tonnes of copper, and Antipa Minerals’ (AZY) Minyari deposit which has produced 551,000 ounces of gold and 22,800 ounces of copper.
This dome is believed to span 7.5 kilometres in length, three kilometres in width and trend in a northwest-southeast direction.
“This is a significant milestone for Boadicea to have identified an interpreted dome structure under relatively shallow depths at our Koongulla Project,” Managing Director Jon Reynolds said.
“This provides us strong confidence in the future exploration of the Koongulla Project. The Boadicea team is fast-tracking the next stages of exploration with a focus on the Koongulla Dome and leading to the possibility of diamond drilling late 2021 to early 2022,” he added.
Following the grant of heritage and land access, Boadicea will undertake a ground-based gravity survey with the potential to lead to a diamond drilling program.
Boadicea is up 4.35 per cent on the market and shares are trading at 24 cents at 2:06 pm AEDT.