Encounter Resources Ltd (ASX:ENR) has identified new high-quality targets as well as upgrading existing targets with the magnetic- radiometric survey recently completed at the Aileron Cu-REE project (100% ENR) in the West Arunta region of WA.
Modern geophysics is revealing exceptional targets in the West Arunta critical minerals province,” Managing Director Will Robinson said.
“We now have high-quality magnetics and radiometrics over 50 strike kilometres of the project and we will expand our detailed gravity coverage early in the new year. At this stage, the first drill program of the 2023 field season is planned to include the Worsley, Crean and Caird targets.”
Background
Aileron is located in the West Arunta region of WA ~600km west of Alice Springs. Prior to the recent magnetic-radiometric survey, several structural and geophysical targets had been identified through aerial magnetic and gravity surveys.
To date, only one diamond hole, EAL001, has been drilled within the project which targeted a discrete magnetic anomaly at the Worsley target. EAL001 was partially completed to a depth of 158m in October 2020 and drilled through 5.0m of shallow cover followed by a brecciated hydrothermal hematite-chlorite-altered granite with a narrow mafic intrusion.
Assays from EAL001 include zones of anomalism in copper (up to 0.1% Cu), gold (up to 48ppb Au), molybdenum (up to 155ppm Mo), niobium (up to 773ppm Nb) and highly elevated rare earth elements (up to 0.8% TREO) consistent with the IOCG deposit model.
The presence of highly anomalous REE at Aileron and the recent mineralised carbonatite discoveries by WA1 Resources Ltd indicate that an alkaline magmatic hydrothermal system has been active in the region. Such systems are known to play an important role in the formation of both IOCG and carbonatite-hosted REE deposits.
Magnetic-Radiometric Survey
In November 2022, an 8,000 line km airborne magnetic-radiometric survey was completed at Aileron. The 100m spaced survey covered ~50 strike km of the western part of the project. The survey was designed to provide detailed structural and geological information and to identify new carbonatite and IOCG targets.
An initial assessment has identified new targets including:
In addition, the structural context of the existing targets.
The interpretation and integration of the new data is ongoing with expanded gravity coverage planned for early in the 2023 field season.
Drill Ready
In addition to diamond drilling at Caird and Worsley, drilling plans for the Crean target are also well advanced. Diamond drilling is scheduled to commence in April-June 2023, co-funded by the WA Government Exploration Incentive Scheme.