- R3D Resources (R3D) finds seven priority copper and gold targets at its Bulimba and Beefwood tenements, located at the Bulimba Project in Queensland
- The company found the targets through a recent falcon gravity and magnetic survey
- Significant gravity and magnetic anomalies have been identified within the survey area that may indicate both intrusives and alteration mineralisation
- R3D are currently planning a HeliTEM program for the first half of 2022 to test these targets
- On the market this afternoon, R3D is down 3.33 per cent and trading at 14.5 cents per share
R3D Resources (R3D) has found seven priority copper and gold targets at its Bulimba and Beefwood tenements, located in its Bulimba Project in Queensland.
The company found the targets through a recent falcon gravity and magnetic survey.
Significant gravity and magnetic anomalies have been identified within the survey area that may indicate both intrusives and alteration mineralisation.
R3D is currently planning a HeliTEM program for the first half of 2022 to test these targets.
Commenting on the find is CEO and Managing Director Stephen Bartrop.
“Interpretation of the high-resolution gravity and magnetic data acquired from the Falcon survey, shows very clear geological structures and potential intrusives and/or alteration at depths below more recent cover sediments,” Dr Bartrop said.
“Our continued processing and interpretation of existing data will continue until we complete the HeliTEM survey in the first half of 2022.
“The combination of three high resolution geophysical techniques, looking
through cover, is unique in Queensland but is utilised elsewhere in industry for pinpointing large mineralising structures.”
On the market this afternoon, R3D was down 3.33 per cent and is trading at 14.5 cents per share at 1:07 pm AEDT.