- Rafaella Resources (RFR) has identified new, high-priority anomalies at its Laforce and Midrim nickel-copper-PGE projects in Canada
- The exploration company carried out a heliborne low-frequency EM (electromagnetic) survey across a more than 800 kilometres stretch
- The survey identified one strong, discrete new anomaly and three clusters of previously unknown moderate strength anomalies.
- Pleasingly, the discrete, late time bed-rock conductor was the exact style of anomaly it was targeting within that region
- The company has labelled the find a “high-priority” and as a result, will now push ahead with drill-testing
- Shares in RFR are trading at 10 cents per share, down 9.09 per cent
Rafaella Resources (RFR) has identified new, high-priority anomalies at its Laforce and Midrim projects.
The nickel-copper-PGE claims are both are located in the Belleterre-Angliers Greenstone Belt in Quebec, Canada.
The company identified the anomalies via a heliborne low-frequency EM (electromagnetic) survey across a planned 821.8-kilometre stretch.
Specifically, RFR said it identified one strong, discrete new anomaly and three clusters of previously unknown moderate strength anomalies.
The new anomaly is a particularly pleasing result for Rafaella, as the discrete, late time bed-rock conductor was exactly the style of anomaly it was targeting within that region.
The materials stock said this newest anomaly was a great priority for future exploration, with follow-up drilling now being planned.
“The identification of several new deeper anomalies of significance, including one of first order is extremely exciting for the prospectivity of the Canadian nickel-copper-PGE assets,” Managing Director Steven Turner said.
“Rafaella continues to deliver excellent results across its portfolio of critical metals and will now plan a drilling campaign to unlock the significant upside that these Canadian assets hold for the company and its shareholders.
Shares in Rafaella Resources are trading down 9.09 per cent at 10 cents per share at market close on Thursday.