- Oakdale Resources (OAR) has conducted a site visit at the Crown Platinum Group Element-Nickel-Copper Project after its recent acquisition agreement
- In late April, Oakdale signed a binding acquisition agreement to acquire Australian Precious Minerals, who is the holder of the WA-based project
- Crown is known to host a series of magnetic structures similar to Chalice Gold Mines’ Julimar Project
- During its visit, Oakdale identified metamorphic greenstone lithologies in roadside exposures similar to ultramafic intrusives at Julimar
- This provides the company with confidence to kickstart discussions for exploration
- Company shares closed 20 per cent in the red and trading for 0.2 cents each
Oakdale Resources (OAR) has conducted a site visit at the Crown PGE-Nickel-Copper Project after recently announcing an acquisition agreement.
In late April, Oakdale signed a binding acquisition agreement to acquire Australian Precious Minerals, who is the holder of the Crown Project.
Crown is held within the exploration asset E70/5406, located within the Yilgarn Craton, approximately 60 kilometres northeast of Perth, Western Australia.
The project is known to host a series of magnetic structures that are similar to Chalice Gold Mines’ Julimar Project. Crown is largely unexplored which provides Oakdale with the opportunity to potentially unlock a new discovery similar to Julimar.
During Oakdale’s visit to the Crown Project, the company and a geologist consultant observed metamorphic rocks in outcrop along Blue Plains Road and could be seen to continue into the adjacent property to the south coincident with the respective magnetic high.
Oakdale has since identified local landholders and is in the process of discussions around property access for mapping and rock chip sampling in the near future. This will be followed by geochemical soil sampling and perhaps even drilling.
Oakdale’s goal is to identify geochemical soil anomalies that provide evidence of ultramafic sequences within and around the greenstones observed at the roadside.
These results will then form a drilling plan to target potential host lithology and polymetallic massive sulphides, similar to the ultramafic intrusive discovered at Julimar.
Company shares closed 20 per cent in the red and trading for 0.2 cents each.