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Tali Resources (ASX:TR2) has identified three targets to follow up on at West Arunta after achieving positive desktop study results for the Western Australian project. The new untested prospects, which Tali will be working on soon, were uncovered by ongoing data review and geophysical interpretation.
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The explorer’s managing director, Rhys Bradley, said the February discovery of the new targets has since expanded the scale and depth of the WA company’s exploration pipeline in an emerging mineral region.
“Our ongoing data review and interpretation continues to expand the scale of opportunity in the West Arunta,” Mr Bradley told Tali shareholders today.
He continued: “The identification of three additional untested prospects adds meaningful depth to our pipeline and reinforces the region’s potential for copper, gold and critical minerals, which remains largely untested.
“With drilling plans being finalised for these new prospects and others, Tali is set for a highly active and exciting year of exploration. We look forward to completing our preparations and getting back on the ground in the coming months.”
Tali’s historical data review includes re-logging of drill samples and compilation of regional datasets. The ongoing interpretation of geophysical data will be supported by the release of new Geological Survey of Western Australia airborne magnetics expected in April and additional gravity surveys.
The three additional areas of untested potential have been identified as Caspian North-East, Gibson West and Verde West. “Each exhibit structural and geophysical characteristics potentially consistent with large-scale copper, gold and critical-mineral systems,” Mr Bradley said.
Heritage clearances are in place for initial drilling to test for copper, gold and carbonatite-associated mineralisation at Caspian North-East.
The target has been defined by a broad 10km by five km gravity high.
Gibson West sits along a 15km-long magnetic anomaly and subparallel airborne electromagnetic (AEM) feature located approximately 900m to the south.
The Verde West prospect comprises a discrete circular magnetic bullseye surrounded by a broad demagnetised halo, approximately 1.4km in diameter, a geophysical signature commonly associated with gold or copper-gold systems.
Tali is planning to undertake multiple drilling programs to test the range of large-scale prospects.
TR2 is steady at 36¢. Mkt cap $42.3M.
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