Native Mineral Resources Holdings Limited (ASX: NMR) has extended its Maneater Hill target anomaly to 2,000 m in diameter with preliminary interpretation and modelling of the airborne geophysical survey recently completed on the 100% owned Project in Far North Queensland.
The interpretation and modelling work, completed by GeoDiscovery Group in Brisbane, has identified several new, shallow exploration target areas extending 600m south of the Maneater Breccia Project.
Analysis also indicates a more structurally complex system, potentially with multiple faulting events, highlighting the potential for conduits for the mineralisation.
NMR will now undertake an Induced Polarisation (IP) survey to define these new anomalies prior to planned follow- up drilling later this calendar year.
We are encouraged by the initial indications from the processed airborne magnetic survey data and modelling work recently completed for the Maneater Project,” Managing Director, Blake Cannavo, said.
“Results have clearly shown that there is a much larger, more complex magnetic anomaly at Maneater Hill than previously thought, and the drilling to date has only partially tested a small part of the anomaly, with several potential targets existing to the east and south of Maneater Hill.
A key focus of this survey was to better define the structural geometry of the Maneater breccia pipe as for the first time, a holistic and detailed geophysical dataset for the entire Maneater EPM has now been created. The dataset will provide the foundations to develop a better technical understanding of the Maneater anomaly as we look to undertake the next round of follow-up drilling in the coming months.”