SensOre Ltd (ASX:S3N), a geoscience technology disruptor, is preparing for maiden drilling at the Maynards Dam and Marloo prospects in the Goldfields region of WA, both of which have shown potential to host a major gold system.
The drilling at Maynards Dam will be carried out in conjunction with joint venture partners Jindalee Resources Ltd (ASX:JRL) and Torque Metals Ltd (ASX:TOR).
This program will incorporate the Marloo project, a new tenement at Maynards Dam, held with Lefroy Exploration Ltd (ASX:LEX) subsidiary Monger Exploration.
Targets identified
SensOre’s AI technology has identified two targets in the north of the Maynards Dam project area and additional targets in the south along strike from recent discoveries by Torque Metals.
The company has planned up to 5,500 metres of aircore drilling at Maynards Dam and Marloo based on historical results, gravity geophysics and new surface geochemical samples.
“SensOre has undertaken extensive work on the Maynards Dam project in the lead up to our maiden drill program including necessary heritage work as a prelude to drilling,” chief executive officer Richard Taylor said.
Potential for major system
"Our AI system has identified two special targets in the northern project area and recent surface geochemistry has identified additional targets in the south of the tenement, along strike from recent discoveries by Torque at Strauss and Lady Doris prospects,” Taylor said.
"We are excited by recent and historical results that show the project has potential to host a major gold system.
"With the recent addition of the Marloo tenement, SensOre has built a significant land package over this prospective domain.”
About Maynards Dam
The Maynards Dam prospect (E15/1752) is held by Jindalee Resources while Torque Metals has the rights to acquire an 80% beneficial interest in the tenement. The area is 90 kilometres southeast of Kalgoorlie and 25 kilometres east of Jindalee’s Widgiemooltha Project and Gold Fields’ St Ives gold complex.
Historical drilling records at Maynards Dam indicate intercepts of up to 4 metres at 21.21 g/t gold from 22 metres.
The Maynards Dam project together with Strauss and Lady Doris prospects as well as Paris mine are inferred to be in a similar stratigraphic sequence to St Ives and similar to the Beta Hunt, Revenge and Intrepide deposits.
SensOre involvement
SensOre can earn a 70% interest in the Maynards Dam tenement - 51% by spending $3 million within three years, exclusive of permitting and land access, and 19% by delivering a preliminary feasibility study (PFS).
Torque may buy back 10% by paying $500,000 to SensOre within 60 days of completion of the PFS.
The Maynard’s Dam area also includes the Marloo tenement. Marloo is a farm-in to E15/1498 with a subsidiary of Lefroy Exploration. SensOre has the potential to earn up to a 70% interest by spending $800,000 over four years.
The extended area looks to increase tenure over the Parker Domain and capitalise on the major north-south trend that hosts significant intercepts reported by Torque Metals close to the combined project area’s southern boundary.
Predicted by DPT® system
Targets predicted by SensOre’s DPT® system are interpreted as potentially analogues for St Ives and Norseman style gold systems consisting of intrusion-related and structurally controlled auriferous quartz veins.
A splay off the Boulder-Lefroy Fault, a regionally fertile structure in the Eastern Goldfields, passes down the western side of the project area.
SensOre’s aircore drilling program at Maynards Dam and Marloo is expected to commence once drilling at Greater Balagundi is completed.
The proposed drilling program of 5,000-5,500 metres follows extensive compilation and review of historical exploration activity, reprocessing gravity geophysics at 100 x 200-metre spacing released in 2021, and the collection and integration of new surface geochemical samples with extensive multi-element assays and proprietary analysis by SensOre.
About SensOre
SensOre Ltd (ASX:S3N) aims to become the top-performing minerals targeting company in the world through the deployment of artificial intelligence (AI) and machine learning (ML) technologies, specifically its Discriminant Predictive Targeting® (DPT®) workflow.
SensOre collects all available geological information in a terrane and places it in a multi-dimensional hypercube or data cube. SensOre’s big data approach allows DPT predictive analytics to accurately predict known endowment and generate targets for further discovery.
The SensOre Group has built a tenement portfolio of highly prospective, wholly-owned and joint ventured technology metals tenement packages in Western Australia.
As the capacity of SensOre’s AI technologies expand to new terranes and a broader range of commodities, the company anticipates that new targets will be identified and acquired in Australia and internationally.
DPT technology has been developed over many years and involves the application of new computer-assisted statistical approaches and ML techniques across the workflow of mineral exploration.
The workflow includes data acquisition, data processing, ML training, ML prediction and analysis through DPT.