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- Ausmon Resources (AOA) has completed a ground induced polarisation (IP) survey of its Kanbarra cobalt-zinc project in New South Wales
- The survey identified two chargeability targets which will be tested in an upcoming 2000-metre reverse circulation drilling program
- The principal target is an area of around 500-by-100-metres with a core at a depth of around 160 metres
- The other target is smaller and shallower, being around 150-by-80-metres in size, centred at a depth of around 140 metres
- The company is also planning further fieldwork to evaluate other geological and geochemical targets
- Ausmon shares are trading grey for 0.8 cents per share
Ausmon Resources (AOA) has completed a ground induced polarisation (IP) survey of its Kanbarra cobalt-zinc project in New South Wales.
The survey identified two chargeability targets which will be tested in an upcoming drilling program.
IP survey
The survey was conducted across the EL 8745 permit area to test a 1.5-kilometre long base metal exploration target.
The target was identified from historical rotary airblast drilling conducted by Eaglehawk Geological Consulting in 2009 which indicated areas of zinc and copper mineralisation.
Recent soil sampling also showed elevated levels of copper, zinc and cobalt around a small gossan outcrop, which further underpinned the decision to conduct the IP survey to look for targets at depth.
The survey, carried out by Merlin Geophysics, tested the area down to around 300 metres below surface.
The IP survey identified two key target areas, with 2D and 3D modelling completed by Rama Geoscience.
The principal target is an area of around 500-by-100-metres with a core at a depth of around 160 metres.
The other target is smaller and shallower, being around 150-by-80-metres in size, centred at a depth of around 140 metres.
Both targets appear to be situated along a single east-west trending structure.
Next steps
Ausmon is planning a 2000-metre reverse circulation drilling program to follow up on the IP results.
The first hole will target the core of the main chargeability zone.
The company is also planning further fieldwork to evaluate other geological and geochemical targets.
Ausmon shares are trading grey for 0.8 cents per share at 3:22 pm AEST.
