Great Boulder Resources announced that the exploration at Mt. Venn copper-nickel-cobalt project will be conducted next week, following the release of its Mining Entry Permit and Consent to Mine from the Western Australian Minister for Aboriginal Affairs.
The Mt Venn prospect, located within the company’s Yamarna Project near Laverton, has been recently reported with initial assays of up to 1.7% copper plus nickel and cobalt in March this year (see ASX release dated March 29, 2017).
“While the permitting process has taken longer than anticipated, we are glad to now be mobilising crews to site ahead of our very promising exploration programme at Mt Venn,” said Great Boulder Managing Director Stefan Murphy. “The planning process has been extensive and the extra time allowed us to refine our approach to ensure we gather as much field data as possible during September, ahead of an RC programme in October to test the EM conductors.”
According to the news release, the new gold exploration company has finalized plans for its maiden exploration campaign at Mt Venn. It has engaged with ground EM crews and an aircore drilling contractor to test six initial targets to identify and confirm the orientation of the bedrock conductors for follow-up RC and diamond drilling. Further, Great Boulder personnel will travel to the site to supervise track and pad clearing for the aircore programme.
“Mt Venn is an extremely large prospect with multiple conductors along the 9km strike that have been identified from the XTEM survey. This current programme will define and prioritise our targets for RC drilling.”
The EM field work is expected to be completed in 3 weeks and data processing in 1-2 weeks after.