Boadicea Resources : Fraser Range Exploration Update
BOA.AX
BOADICEA RESOURCES LTD
ASX ANNOUNCEMENT 13 January 2022
BOADICEA RESOURCES LTD onlyACN: 149 582 687
ASX Announcement &
Media Release
ASX C de: BOA
Issued Capital:
77,699,895 Shares (BOA) use19,554,149 Options (BOAOA)
Po tal Address:
PO Box 245 Malvern 3144 Victoria
Email:
Phone:
+61 (0)409 858 053
Fax:
+61 3 9500 9508
Web:
www.boadicea.net.au For
EXPLORATION UPDATE, FRASER RANGE
HIGHLIGHTS:
Boadicea Managing Director Jon Reynolds commented: "Utilisation of IGO's leading exploration skills and funding on Boadicea's tenements continues to provide the highest potential for exploration success. The recent news of R&D exploration within Symons Hill provides an exciting step in the understanding of the Orion chonolith and improving target locations for future drilling programs, strengthening the success of exploration efforts."
Boadicea Resources Ltd ("BOA")
www.boadicea.net.au
PO Box 245 Malvern
3144 Victoria
RECENT IGO EXPLORATION ACTIVITIES - SUMMARY
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Between 15 September and 15 December 2021, IGO completed the following exploration activities within the IGO Limited ("IGO") - Boadicea ("BOA" or the "Company") tenements that are subject to a five-year exclusive exploration agreement (announced on 4 September 2020).
SUMMARY
Fieldwork during Q4 CY2021 continued to focus on E28/1932 (Symons Hill) and E28/2937 (South Plumridge) and include the following activities:
SYMONS HILLS (E28/1932)
Red Cap
BSHD0011 (see Table 1,Figure 1) returned assay results confirming the presence of mafic and ultramafic rocks observed in visual logging. These units can be further sub-divided into non- cumulate gabbronorites, non-cumulate norite, cumulate gabbro, cumulate gabbronorite and orthocumulate websterite intervals. There were no significant intercepts returned. The sulphides observed in logging had geochemical results indicative of pyrrhotite (iron sulphide) and not nickel or copper sulphides.
Bell Ringer
18BRDD001, 18BRDD002, and 18BRDD0032 (see Table 1,Figure 1) had no significant nickel intercepts in the assays returned this quarter. IGO in-house mafic classification calculations were performed on the geochemical data, and showed non-cumulate gabbronorites, non-cumulate norites, and olivine bearing cumulate gabbros were present in the holes.
Orion and Other Identified Intrusive Targets
Results from the R&D geophysical program and subsequent peer review will determine the next steps for additional diamond drilling.
Boadicea Resources Ltd ("BOA")
www.boadicea.net.au
PO Box 245 Malvern
3144 Victoria
Table 1: Collar locations of re-sampled Symons Hills holes (Red Cap and Bell Ringer)
For personal use only
Hole ID
Easting
Northing
RL
Hole Depth (m)
BSHD001
523283
6484405
278
552.0
18BRDD001
526370
6489650
289.01
400.0
18BRDD002
526920
6489500
282.3
234.8
18BRDD003
527300
6489300
282.41
495.9
Figure 1: Location map of re-sampled Symons Hills holes
SOUTH PLUMRIDGE (E28/2937)
In total, 99 surface Moving Loop Electromagnetic (MLEM) stations were surveyed within South Plumridge (E28/2937) (Figure 2).
Mahi West
44 MLEM stations were surveyed at Mahi West, following up on an end-of-line response from a
Boadicea Resources Ltd ("BOA")
www.boadicea.net.au
PO Box 245 Malvern
3144 Victoria
For personal use only
survey completed in 2020 on the adjoining tenement. Interpretation of this data is expected to be completed in Q1 2022.
North Emperor
49 MLEM stations were surveyed at North Emperor, following up on an end-of-line response from a 2020 EM survey to the south on an adjoining tenement. Interpretation of this data is expected to be completed in Q1 2022.
Fletching
6 MLEM stations were surveyed at the Fletching Target as part of a larger program within adjoining IGO tenements. This program was designed to test two discrete Spectrem AEM anomalies within the larger survey of 45 MLEM stations. The ground MLEM survey has confirmed the anomalies identified from the AEM survey. One conductor was partly observed within South Plumridge. This modelled plate is not considered prospective for massive nickel sulphide mineralisation due to the large strike length (1200m) and moderate conductance value (800S). No further geophysical exploration is recommended at the Fletching target.
Figure 2 Completed MLEM stations in FY22Q2 on E28/2937, overlaying the First Vertical Derivative (1VD) of an airborne-derived
Total Magnetic Intensity (TMI) Reduced to the Pole (RTP) image
Boadicea Resources Ltd ("BOA")
www.boadicea.net.au
PO Box 245 Malvern
3144 Victoria
For personal use only
PLANNED IGO WORK ON BOA FRASER RANGE TENEMENTS IN Q1 CY2022
SYMONS HILL PLANS
IGO is currently completing a Research and Development (R&D) survey program within the IGO tenure and the Symons Hill licence (E29/1932) to assist in the interpretation and understanding of the Orion chonolith. The results of the R&D program will be used to determine future drilling opportunities.
HERITAGE SURVEYS
Heritage negotiation is ongoing with Native Title groups to finalise agreements that cover most of the northern targets, including the Transline group (E28/2888, E28/2895, E28/2849, E28/2866), South Plumridge (E28/2937) and the Giles group (E28/2952 and E39/2148) of tenements. It is anticipated that the agreement negotiation will be fully finalised during the next quarter (Figure 3).
REHABILITATION
Approximately 12.7 line-km of rehabilitation of previously cleared air-core grid lines is scheduled to be completed in 2022. This work could potentially be completed in the upcoming quarter.
GEOPHYSICS - MLEM
Interpretation of recently acquired MLEM data at West Mahi and North Emperor targets on the South Plumridge licence.
AIRCORE DRILLING
Multiple air-core (AC) drill programs have been designed on Transline West 1 (E28/2888), Transline West 2 (E28/2895), Transline North (E28/2849), Transline South (E28/2866), South Plumridge (E28/2937), South Giles (E28/2952), and Giles (E39/2148). The timing of these programs is dependent on heritage agreements and subsequent heritage surveys over the Upurili Upurili Ngratja claim area. Planned activities include:
Boadicea Resources Ltd ("BOA")
www.boadicea.net.au
PO Box 245 Malvern
3144 Victoria
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Boadicea Resources Limited published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 22:50:08 UTC.