Battery Minerals Limited (ASX: BAT, Battery Minerals Limited) is pleased to provide an update on exploration activities underway at its Stavely-Stawell Gold-Copper Project in Western Victoria.
As part of this work, the Company has obtained cutting-edge WorldView-3 satellite images which identify alteration targets associated with mapped mineralisation in prospective host rocks.
These targets will be drilled as part of the 5,000m air core program starting later this month. The satellite imagery has also identified further targets in 'copper' prospective host rocks which the Company plans to drill in June 2021.
In addition to confirming existing and identifying new drill targets, the datasets have also highlighted priority areas for soil geochemistry.
Battery Minerals Managing Director David Flanagan said the satellite images were important because they provided more evidence of the substantial exploration potential at the Stavely-Stawell project.
'The WorldView-3 satellite images highlight alteration associated with anomalous soil geochemistry, gold workings, historical drilling intercepts and prospective rock units along strike from known discoveries or mines,' Mr Flanagan said.
As part of its systematic exploration campaign, the Company has identified geological trends with known endowments of gold, copper and other base metals.
The historic Moyston gold mine on its Stavely-Stawell Project is located on the Moyston Fault. The Stawell Gold Mine is to the east (associated with structures intersecting basalt domes) and Stavely Minerals' (ASX: SVY) Thursday's Gossan copper deposit and Navarre Minerals' (ASX: NML) Morning Bill prospect are to the south of the Company's Stavely-Stawell Project within the extension of the Stavely Volcanic Sequence. All these provide strong and relevant mineralisation models to apply across the area.
Within these 'geological trends', the Company is acquiring and applying a combination of data sets to generate quality targets and narrow its focus in preparation for drilling. Across a strike length of 67km, Battery Minerals is applying the latest exploration techniques to look for signatures of substantial alteration systems capable of delivering significant discoveries.
Since completing the acquisition of the project in October 2020, the Company has collected and validated large datasets and sustained fieldwork for the first time on the ground, which has been closed to exploration for over 20 years.
Culminating with the recent acquisition of this WorldView-3 processed (alteration mapping) satellite data, the Company has now for the first time compiled historical drilling, soil geochemistry, rock chip sampling, geological mapping, magnetic and EM (electro-magnetic) surveys.
The Company has also acquired LiDAR data and reprocessed extensive airborne magnetic data. In addition, a 3000 line kilometre EM survey is planned for the September 2021 Quarter.
Contact:
David Flanagan
Tel: +61 8 6148 1000
Email: info@batteryminerals.com
Forward Looking Statements
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