Carnavale Resources (ASX:CAV) - Chairman, Ron Gajewski
Chairman, Ron Gajewski
Source: Carnavale Resources
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  • Carnavale Resources (CAV) has begun a ground-based survey at its Grey Dam project in WA
  • The moving-loop electromagnetic (MLEM) survey aims to define conductors that could represent nickel sulphides under transported cover
  • The mafic/ultramafic sequence at Grey Dam is located immediately along strike and is the same geological sequence that hosts the new ‘Kambalda-style’ Emu Lake discovery
  • So far, four lines of the MLEM survey have been completed and the results are expected in June
  • Company shares have ended the day trading flat at 1.1 cents

Carnavale Resources (CAV) has begun a moving-loop electromagnetic (MLEM) survey at its Grey Dam project in Western Australia.

The ground-based survey aims to define electromagnetic (EM) conductors that could represent nickel sulphides under cover.

Earlier this year, the company completed a seismic survey at Grey Dam which comprised 12 traverses across five interpreted soil anomalies to determine the depth of transported cover.

The survey results suggested the depth of cover and regolith profile of the target area would not impede ground-based EM surveys. Therefore, the aim of the MLEM survey is to delineate conductive nickel sulphide targets under the transported cover.

The mafic/ultramafic sequence at the Grey Dam project is located immediately along strike and is the same geological sequence that hosts the new ‘Kambalda-style’ Emu Lake discovery made by Ardea Resources (ARL).

“Work continues in earnest at our highly prospective Grey Dam nickel sulphide project searching for Kambalda-style nickel sulphides under cover,” CEO Humphrey Hale said.

So far, four lines of the MLEM survey have been completed and the results are expected in June.

Company shares have ended the day trading flat at 1.1 cents.

CAV by the numbers
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