Segue Resources (ASX:SEG) has had a HELITEM survey completed over a large portion of the Plumridge Nickel Project in the Fraser Range province of Western Australia.
A HELITEM survey involves the towing of an electromagnetic transmitter and receiver array underneath a helicopter.
The survey was completed by earn-in partner MMG Exploration Pty Ltd and follows a project-wide detailed gravity survey undertaken in 2016.
All data has been sent to a geology consulting firm for inversion modelling with the aim of drill testing high priority targets in September 2017.
A sizeable portion of the survey has surveyed depths of up to 600 metres.
Ground program
MMG has identified over 15 electro-magnetic (EM) targets and a ground SAMSON Fixed Loop EM (FLEM) survey has commenced.
This ground survey is of selected high priority targets and its purpose is to refine the orientation of bedrock conductor plates prior to drilling.
The ground FLEM program will cover at least 15 targets and is expected to be completed in late August.
Plumridge Nickel Project
Plumridge comprises ~2,500 square kilometres of exploration licences in the world renown Fraser Range.
The project is located 200 kilometres north of the Nova nickel-copper discovery owned by Independence Group NL (ASX:IGO).
Segue owns a 100% interest in the project with earn-in partner, a wholly-owned subsidiary of international base metals company MMG Ltd (HKG:1208).
MMG is earning an initial 51% interest in the project by funding $6.5 million of exploration (Stage 1).
Following Stage 1, MMG has the right to increase its interest in the project to 70% through funding an additional $7.5 million of exploration (Stage 2).