Perth-based, Western Australian-focused gold explorer Torque Metals Limited (ASX:TOR) has received positive interpreted results from a SkyTEM FAST airborne electromagnetic (AEM) survey completed over the company’s wholly-owned Paris Project, located on the richly gold endowed Boulder-Lefroy Fault Zone, south east of Kalgoorlie.
Recently completed interpretation of the SkyTEM312FAST (Interleaved Low Moment and High Moment) airborne electromagnetic survey has delineated two strong electromagnetic anomalies.
On behalf of Torque, I wish to express appreciation to the Geological Survey of Western Australia and Geoscience Australia for commissioning the airborne EM survey and delivering to the public a high-quality electromagnetic dataset,” Executive Chairman, Ian Finch, said.
“Our interpretation of the survey is highly encouraging in that it highlights the potential for two strong EM anomalies within our tenements.
“While our focus remains on our Paris gold drilling campaigns, which to-date have provided great results, including some bonanza grade gold hits, as an exploration business Torque will always be on the lookout for new opportunities to further maximise shareholder return.
“With this in mind, Torque will now fast-track work on these two EM anomalies which certainly warrant our immediate attention and further investigation into their potential as sulphide conductors connected to probable intrusions occurring two km west of the Paris Gold Corridor model.
Importantly for Torque shareholders, we expect plenty of news flow on this work and the Paris gold drilling campaign in the coming weeks and month.”
Two highlighted anomalies have been prioritised for further investigation of the possibility for sulphide conductors connected to probable intrusions occurring 2km west of the Company’s HHH and Caruso prospects.
AEM Survey
Geoscience Australia (GA) and the Geological Survey of Western Australia (Department of Mines, Industry Regulation and Safety) commissioned the AusAEM-WA survey as part of the national AusAEM airborne electromagnetic programme, to provide freely available geophysical data to aid in the research and finding of possible mineral deposits.
The AEM survey was conducted in the Southern Goldfields area of Western Australia. The survey consisted of E-W lines spaced at nominal 20km intervals, with a total of ~2,159-line kilometres flown.
Of great relevance to Torque Metals is that one of the survey lines (300301-4) was flown directly over part of our Paris Project.
Line 300301-4 was used to perform the interpretation of the electromagnetic anomaly along with the re-processing of the same dataset.
Torque received the EM information on 22nd February 2022 and performed the processing validation and interpretation of the EM dataset obtaining highly encouraging results.
Potential Cassini look-a-like What is of particular interest is that the survey line used to perform the interpretation of the electromagnetic anomaly (Line 300301-4) runs westward over Mincor Resources 100%- owned high grade Cassini nickel deposit and shows a similar conductive EM anomaly to those observed at Paris.
Cassini is Australia’s newest underground nickel mine and holds Mineral Resources of 1.5 million tonnes (Mt) at 4% nickel for 60,700t of contained nickel, and an Ore Reserve of 1.2Mt at 3.3% nickel for 40,100t of contained nickel.
Next Steps
Torque is planning to undertake the following activities as soon as practicable to further understand the significance of the EM anomalies: –
- High resolution geophysical surveys to better identify the main anomalies.
- A thorough interrogation of the existing database in order to ascertain if indications of other metals (other than gold) exist within our tenements.
- Induced polarisation (IP) is planned to better identify the high concentration of gold zones at Paris project.
- New techniques to be employed including k-means, random forest, and dimensionality reduction to combine geochemistry, electromagnetics, magnetics, and gravity data to find new exploration targets.
