Total
0
Shares
Oar Resources (ASX:OAR) -
Source: Oar Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Oar Resources (OAR) begins fieldwork at its underexplored Crown Nickel-Copper-Platinum Group Element Project in Western Australia
  • On-ground exploration work is being undertaken to gain a better understanding of the local geology
  • Geological mapping and rock chip sampling will also be undertaken to test any identified magnetic targets
  • This will be followed up by systematic geochemical soil sampling to define and refine targets ahead of a maiden drill program
  • Shares in Oar are up 7.69 per cent on the market and are trading at 1.4 cents at 10:33 am AEST

Oar Resources (OAR) has begun fieldwork at its underexplored Crown Nickel-Copper-Platinum Group Element Project in Western Australia.

The 93 square kilometre Crown Project lies roughly 70 kilometres northeast of Perth and less than eight kilometres from Chalice Mining’s (CHN) Julimar Discovery.

It covers a series of prominent magnetic structures similar to Julimar which have not been drill tested.

Due to the close proximity to Julimar and absence of previous drilling, Oar believes Crown has the potential to host a significant polymetallic orebody.

On-ground exploration work is being undertaken to gain a better understanding of the local geology.

Geological mapping and rock chip sampling will also be undertaken to test any identified magnetic targets.

This will be followed up by systematic geochemical soil sampling to define and refine targets ahead of a maiden drill program.

However, before drilling can begin, Oar must undertake access discussions with landowners.

Shares in Oar were up 7.69 per cent on the market and trading at 1.4 cents at 10:33 am AEST.

OAR by the numbers
More From The Market Herald

" Eagle Mountain Mining (ASX:EM2) extends Oracle Ridge with latest assays

Eagle Mountain Mining (EM2) has received assays for four drill holes completed in the Western Talon area of its Oracle Ridge Mine project

" European Lithium (ASX:EUR) upgrades resource estimates by 11 per cent

European Lithium (EUR) has announced an increase of 11 per cent in total measured, indicated and inferred resources at its Wolfsberg lithium project.
West African Resources (ASX:WAF) - Founder, CEO & Executive Chairman, Richard Hyde

" West African Resources (ASX:WAF) completes Kiaka acquisition

Gold mining company West African Resources (WAF) has completed the acquisition of the Kiaka and Toega gold projects.

" Galileo Mining (ASX:GAL) receives initial assays from Norseman

Galileo Mining (GAL) has received the first assays from aircore drilling at its Norseman project in Western Australia.