Fraser South – (E63/1859)

The Fraser South nickel copper project covers an area of 158km2 and is positioned adjacent to Independence Group’s Southern Hills Project and Galileo Mining’s Yardilla Project. A recently completed (May 2022) Electromagnetic survey covering only 4.6% of the total tenement area has identified a high prospect magnetic anomaly, known as the Snowys Prospect. 

The Snowys prospect represents a highly prospective target for massive sulphide mineralisation with potential for Nova style nickel sulphides or Volcanogenic Massive Sulphides (VMS) mineralisation systems.

The target was identified from an extensive electromagnetic (EM) geophysical survey across its 100% owned Fraser South (E63/1859) and Southern Hills (E63/1951) exploration licences in the Fraser Range of Western Australia (Figure 1).  A total of 41.7 line kilometres of moving loop EM (MLEM) was completed on the Southern Hills and Fraser South tenements. In addition, 4km of fixed loop EM (FLEM) was completed on the Fraser South tenements.

Geologically the Snowys prospect is analogous to the Andromeda VMS Zn-Cu deposit which was discovered by IGO in 2018 (see Figure 1).  Andromeda is located within the Snowy Dam Formation on the western margin of the Fraser Range gravity high which correlates to the interpreted geological position of the Snowys prospect.

Figure 1 Snowys VMS Prospect Location Map

The Snowys prospect FLEM anomaly is considered highly prospective for massive sulphide mineralisation and warrants drill testing.  The conductor’s modelling shows it is relatively discreet, highly conductive plate model, within the range expected for massive sulphides and within an accessible drill depth ~170m below surface (Figure 2).

Figure 2 Snowy FLEM Plate Modelling (oblique view), Red is plate model; Black is FLTEM lines and stations.