Identification of significant high-chargeability targets

Litchfield Minerals (ASX: LMS) has detected considerable high-chargeability targets at its Oonagalabi project located in the Northern Territory. Recent geophysical surveys have uncovered anomalies that extend over 1 kilometre in strike and more than 500 metres in depth, suggesting the presence of a potentially major mineralised system.

This discovery comes after an extensive exploration initiative aimed at outlining promising areas within the project site. The high-chargeability readings imply the existence of sulphide mineralisation, a crucial indicator for base metal deposits. This revelation has bolstered confidence in Oonagalabi’s prospects, leading the company to expedite its exploration activities.

Investors are keenly observing Litchfield Minerals as it progresses to the next exploration stage. The magnitude of these targets, coupled with their depth, positions Oonagalabi as an attractive opportunity in the resource sector of the Northern Territory. With additional drilling planned, the company intends to validate these anomalies and evaluate their economic feasibility.

Plans for Phase 1 drilling program

Litchfield Minerals is progressing its exploration plan with a Phase 1 drilling program at the Oonagalabi project, tailored to investigate the high-chargeability targets highlighted in recent surveys. The company has outlined a methodical drilling campaign aimed at confirming the existence of sulphide mineralisation and evaluating the potential scale of base metal deposits.

The initial phase will concentrate on priority drill targets that demonstrate robust geophysical anomalies, with anticipated drill holes reaching depths surpassing 500 metres. This strategy seeks to enhance understanding of the subsurface mineralisation and validate the geophysical assessments. The company has engaged skilled drilling contractors to guarantee the program’s efficient implementation.

Key goals of the Phase 1 drilling include:

  • Verifying the presence of sulphide mineralisation linked to high-chargeability zones.
  • Defining the range and continuity of mineralised structures along the identified 1-kilometre strike.
  • Collecting geological and geochemical information to refine prospective exploration targets.

With drilling preparations in progress, Litchfield Minerals is positioning itself to produce key exploration results in the upcoming months. The market will be closely monitoring initial assay results, which could offer further insights into the project’s economic viability.