-1200x645-800x430.jpg)
- Heritage survey successfully completed across the Springfield project
- Airborne Versatile Time Domain Electromagnetic (VTEM) survey underway
- Survey designed to identify conductive sulphide zones
- Independent petrographic studies provide a compelling basis for targeting conductive sulphide zones
Pioneer Minerals (ASX:PMM) is on target to undertake a maiden drilling program at the Springfield project located within the North Pine project in Idaho with an airborne EM survey now underway.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The company continues to tick the boxes in progressing its exploration plans for the tungsten-gold-gallium project with a key heritage survey successfully completed.
CEO, Michael Beven, said completion of the heritage survey represents another important development in advancing Springfield toward drilling by providing a compelling basis for targeting conductive sulphide zones.
“The completion of the heritage survey and commencement of the VTEM survey represent important milestones as Pioneer continues to systematically advance the Springfield project toward its maiden drilling program,” Mr Beven said.
“Over the past twelve months Pioneer has systematically de-risked the Springfield project through geological mapping, geochemistry, airborne magnetics, independent petrographic studies, metallurgical test work, road access rehabilitation, permitting and most recently securing USFS drilling approval. The commencement of the VTEM survey represents another significant step in this systematic exploration strategy.”
He told shareholders the survey was specifically designed to identify conductive sulphide zones associated with the 2.9 kilometre magnetic anomaly previously identified at Springfield.
“Independent petrographic studies confirmed a close association between scheelite and pyrrhotite mineralisation, making coincident magnetic and conductive anomalies our highest-priority drill targets.”
The current Versatile Time Domain Electromagnetic (VTEM) survey will provide an important additional dataset to refine priority drill targets ahead of the maiden drilling program.
The airborne EM data will be integrated with the company’s existing geological mapping, airborne magnetic interpretation, structural modelling and geochemical datasets to prioritise drill targets ahead of drilling.
Upon completion and interpretation of the airborne EM survey, the company will integrate airborne EM data with existing exploration datasets, finalise priority drill targets and complete final drill planning.
PMM is steady at 12.5¢. Mkt cap $8.793M.
Join the discussion: See what HotCopper users are saying about Pioneer Minerals and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.