Mount Ridley Mines (ASX:MRD), formerly AXG Mining, has expanded its tenement package in Western Australia’s highly prospective Albany-Fraser Range Province to over 1,000 square kilometres.
The company has acquired two tenement applications located immediately west and northeast of its current tenements for nil consideration.
Its project lies within the same gravity corridor of dense iron rich mafic-ultramafic rocks that are highly prospective for nickel and copper mineralisation as the Nova nickel sulphide deposit.
Application E63/1719 covers the western contact of the large magnetic ovoid shaped intrusion that it previously referred to as Target 1.
The gravity zone is a corridor of more dense iron rich mafic-ultramafic rocks hosting potential layered mafic-ultramafic intrusions which are highly prospective for nickel and copper mineralisation.
Mount Ridley plans to carry out later this month a first pass aircore drilling program to test several of the higher priority aeromagnetic intrusive style targets.
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