Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Mining

Meteoric Resources puts Geotech in a plane as Ontarian cobalt surveys begin in Canada

The VTEM Plus system will be used for aerial surveying as the company presses forward with its efforts to define cobalt host sequence.

Meteoric Resources NL’s (ASX:MEI) (FRA:RNF) contractor Geotech Ltd has started geophysical surveys at the listed company’s three largest cobalt projects — Beauchamp, Mulligan East and Iron Mask in the Canadian state of Ontario.

Geotech’s fly-overs of Beauchamp have begun, with Mulligan East to follow before Iron Mask goes last.

READ: Meteoric Resources developing Canadian cobalt portfolio

The versatile time-domain electromagnetic surveys will use the VTEM Plus system to fly 714 line-kilometres.

Meteoric said the latest system provided “unparalleled resolution and depth of investigation” as the sensors continuously detected high-magnetic areas to define the Nipissing Diabase potential cobalt host sequence in the grounds’ sub-surface.

The company will feed the data into 3D models and expects to follow up the work with exploration programs that include drilling.

The Ontarian-focused company has seven projects in the Canadian state and began a target generation exploration program across the Ontarian cobalt portfolio in the June 2018 financial quarter.

West Perth-based Meteoric drilled 11 diamond holes for 970 metres at the wholly-owned Mulligan Cobalt Project, intersecting its targeted fault structures and mineralised veins in multiple holes.

READ: Meteoric Resources completes maiden drilling at cobalt project

Meteoric Resources managing director Dr Andrew Tunks said today described Geotech as a world-leader in geophysics programs and noted the VTEM Plus technology it was using was “time efficient and extremely cost effective”.

Tunks said: “As our Beauchamp, Mulligan East and Iron Mask properties cover in excess of 60 km2 of prospective ground for cobalt mineralisation, flying the chopper survey as a first pass is a very economical method for target generation”.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK