- Oar Resources (OAR) progresses its first phase exploration program at the Crown Project in Western Australia
- Exploration began in mid-July to gain a better understanding of the local geology with work consisting of geological mapping and rock chip sampling
- Samples have been sent to the laboratory for analysis with work set to determine gold, copper, nickel and platinum group element mineralisation
- Oar will begin a second phase of mapping and sampling in the coming days to define and refine drill targets ahead of a maiden drilling program
- Shares in Oar are up 7.69 per cent on the market and are trading at 1.4 cents at 10:37 am AEST
Oar Resources (OAR) is progressing its first phase exploration program at the Crown Project in Western Australia.
The 93 square kilometre Crown Project lies roughly 70 kilometres northeast of Perth and contains multiple magnetic features.
Exploration began in mid-July to gain a better understanding of the local geology with work consisting of geological mapping and rock chip sampling.
Initial assessment of the rock chip samples has been encouraging with several different rock types identified.
The first round of samples have been sent to the laboratory for analysis with work set to determine gold, copper, nickel and platinum group element (PGE) mineralisation.
A selection of samples will also be subject to detailed microscopic work to undertake mineral identification.
This data will then be used to provide an understanding of the origin and geological setting of the lithologies.
Oar will begin a second phase of mapping, soil and rock chip sampling in the coming days to define and refine drill targets ahead of a maiden drilling program.
Shares in Oar were up 7.69 per cent on the market and were trading at 1.4 cents at 10:37 am AEST.