Native Mineral Resources (ASX: NMR) has identified 16 new exploration targets from an interpretation and 3D Inversion models of magnetic and radiometric data from the Northern and Central sections of an airborne geophysical survey completed on its 100%-owned Palmerville Copper Project in Far North Queensland.
Rob Angus from Mitre Geophysics completed the interpretation, focused on the Northern and Central sections of NMR’s Palmerville Project.
The work has highlighted the structural complexity of the area while also highlighting several new exploration targets. NMR and Prophet Resources have collected all publicly available data for these, including historical drilling, geophysics and geochemical sampling.
“Mitre Geophysics has provided NMR with a new tool to assist in the exploration of the Palmerville with its review, interpretation and modelling of the airborne magnetic and radiometric data covering the Northern Palmerville area,” Managing Director, Blake Cannavo, said.
“As expected, the review found that NMR’s three priority copper prospects in the north, being Leanes, Glenroy and Fairlight, are the main targets in the area, but the work also added an additional 11 priority targets for NMR to explore.
“NMR will now plan to ground truth the new areas with mapping and geochemical sampling programs later in the year to test their potential prior to any future surface geophysical and drilling work.”
North Palmerville
NMR considers the Northern Chillagoe Formation in northern Queensland as a priority exploration target, as the region is highly prospective for copper and other minerals.
Additionally, the region has had no previous high- resolution geophysical surveys and remains a geological outlier given its prospectivity for copper, gold and other minerals, with a lack of modern exploration in the past two decades.
