Yahoo Finance
Bauxite Resources Limited updates on Gold, Iron Ore and Coal Exploration
Edited by : AL CIRCLE
2 min read
Perth-based bauxite explorer and developer, Bauxite Resources Limited provides an update on exploration progress for non bauxite minerals within its exploration licence tenure in Western Australia. The Company holds granted and pending exploration licences over an area of approximately 25,000 km2 in the highly prospective Darling Range in the south west of WA. The Company has two significant joint ventures for bauxite within this area and has retained rights to 100% of other minerals within its licences.
The Company is investigating the geological potential for non-bauxite commodities within the current tenement package. Multiple areas have been identified as potentially prospective for gold, coal or iron ore based on the Company's mineral targeting dataset and geophysical data obtained from the Geological Survey of WA. Due to the success of the work to date and the large data set that has been generated, the Company geologists have recommended that further review is justified.
As a consequence of the initial review results, the Company has decided to rationalise its tenement package in both the south west and the Kimberley. The Company has applied for an additional exploration licence in the south west of WA where the review has identified a possible sedimentary basin with a similar geophysical response to known coal bearing basins and has relinquished a number of other licences in the south west and the Kimberley.
The Company will immediately commence further exploration activities designed to refine a number of potential target areas and to confirm geological models. The majority of the work will be low cost being conducted "in-house" by Company geologists and will initially target the following outcomes;
1. Complete the compilation of data into a digital format for the two most prospective gold areas near Yerecoin and Beverley.
2. Carry out initial low level field activity designed to validate potential iron ore (haematite) targets.
3. Continue investigations into geological logging data from historical drilling made available by third parties.
The Company is investigating the geological potential for non-bauxite commodities within the current tenement package. Multiple areas have been identified as potentially prospective for gold, coal or iron ore based on the Company's mineral targeting dataset and geophysical data obtained from the Geological Survey of WA. Due to the success of the work to date and the large data set that has been generated, the Company geologists have recommended that further review is justified.
As a consequence of the initial review results, the Company has decided to rationalise its tenement package in both the south west and the Kimberley. The Company has applied for an additional exploration licence in the south west of WA where the review has identified a possible sedimentary basin with a similar geophysical response to known coal bearing basins and has relinquished a number of other licences in the south west and the Kimberley.
The Company will immediately commence further exploration activities designed to refine a number of potential target areas and to confirm geological models. The majority of the work will be low cost being conducted "in-house" by Company geologists and will initially target the following outcomes;
1. Complete the compilation of data into a digital format for the two most prospective gold areas near Yerecoin and Beverley.
2. Carry out initial low level field activity designed to validate potential iron ore (haematite) targets.
3. Continue investigations into geological logging data from historical drilling made available by third parties.
Previous article
Mineral Resources Department representive rejects bauxite spill claims by Bua residents
Next articleRural Development Minister says no bauxite mining in Vizag agency area
Grow with
AL Circle
