Hexagon Energy Materials Ltd (ASX: HXG) has been presented with a number of new targets in the final interpretation from the VTEM Max survey airborne electromagnetic (AEM) survey conducted at its Halls Creek Project in Western Australia.
Comprehensive interpretation of the final data sets has highlighted seven high, 15 moderate and two lower priority anomalies within the project area.
The seven high priority targets were selected due to their conductivity, size and proximity to other features of interest or known mineralisation.
Managing Director, Merrill Gray, said the survey was designed to target potential Volcanic Massive Sulphide (VMS) style mineralisation within the Kongie Park Formation Project.
These were highlighted in an extensive aero magnetic survey undertaken by HXG in 2019, including Tiger, Sophie Downs and Five Mile Bore.
The final interpretation of the AEM Survey has added significant value to our Halls Creek Project,” Ms Gray said.
“Significant anomalies were identified within a well-known historic gold region. The region is receiving a great deal of renewed interest and we look forward to furthering our discussions with parties interested in working with us to progress gold and base metals exploration at Halls Creek.”
“The exploration programme at McIntosh is being undertaken concurrently with the Pre-Feasibility Study work on Hexagon’s Northern Territory (Pedirka) Hydrogen Project, for which a progress update will be announced shortly.”
Geophysical consultant Karen Gilgallon from Southern Geoscience Consultants (SGC) was commissioned to assist in the planning of the survey and has undertaken the final review and interpretation of the AEM data.
Hexagon has also successfully applied for and secured funding through the Western Australian Government’s Exploration Incentive Scheme to co-fund drilling to be undertaken at the drill ready Lady Helen prospect. A total of $25,000 has been secured.
Next Steps
Work has commenced with SGC on preparations for follow-up surface EM (MELM) surveys across each of the high priority anomalies. The surveys will be undertaken as soon as possible, subject to geophysical crew availability and in conjunction with surface geochemical sampling and geological mapping, prior to drill testing.
Discussions are underway with select parties interested in working with Hexagon to drill and develop the identified priority targets and progress gold and base metals exploration at Halls Creek.
Some of these parties have existing ground holdings in the Halls Creek area which Hexagon’s tenement package would strongly complement. Hexagon will continue to advise the market as information becomes available.
Hexagon Energy Materials is focused on the development of clean energy projects and exploration for energy materials projects. Hexagon is developing a business to deliver decarbonised hydrogen into export and domestic markets. The Pre-Feasibility Study for the NT (Pedirka) Hydrogen Project located in Australia’s Northern Territory, utilising gasification and carbon capture and storage (CCS) is in progress. Hexagon plan is to progressively increase its renewable energy inputs and lower its carbon emissions as it transitions from blue to green hydrogen production, on a commercial basis, over time.
Hexagon also owns the McIntosh Nickel-Copper-PGE and Graphite project in Western Australia and the Halls Creek Gold and Base metals project also in WA.