C29 Metals Limited (ASX: C29) has received promising initial results from the Induced Polarisation (IP) geophysical survey recently completed at its 100% owned Mayfield base metals exploration project in Queensland.
The IP survey has identified multiple chargeable and resistive anomalies over several of the previously delineated gravity and magnetic targets.
The IP Survey was completed by highly experienced Australian Geophysical Services, who also recently completed the high-quality survey for the company at its Sampsons Tank Project in New South Wales. The Mayfield survey consisted of 46.7 line kilometres of induced polarisation in five sets of section lines to cover targets identified by the interpretation of the 2022 gravity survey, soil geochemistry and magnetic survey analysis, as outlined in the announcement on the 11th of May, 2023.
In total, 19 traverse lines of Induced Polarisation were collected in an East-West orientation spaced 400m apart using a 2D 100m Dipole – Dipole configuration. The data was then 3D modelled using the Zonge 2D smooth model inversion and UBC 3D inversion methods by consultant geophysicist David McGuiness.
Each of the five sets of IP lines has produced chargeability and resistivity anomalies.
Given the results the company has decided to add 11.3km over six additional Induced Polarisation lines to the survey to attempt to fully delineate the northern anomalies located thus far.
The company expects these additional lines along with the processing and interpretation to be completed within two weeks at which time the projects prospectivity can be fully evaluated and drilling targets designed and prioritised.
Mayfield, Qld (100%) – The 91 sq. km project is in the eastern fold belt of the Proterozoic Mount Isa Inlier and is located 25km from Carnaby Resources Nil Desperandum and Lady Fanny projects, and less than 50km from Hammer Metals Kalman deposit. Despite its proximity to existing mines and deposits, the tenure has benefited from little modern exploration.
Since acquiring the project in August, 2022, the company has completed a gravity survey and, more recently, a significant induced polarization survey. Both of these programmes will allow the company to more effectively design a drill programme for Mayfield to test the targets that have been generated.
