Enterprise Uranium (ASX: ENU) has noted the recent discovery of Classic Minerals' (ASX: CLZ) new Mammoth nickel-copper mineralised horizon, which is located along strike of ENU's Lake Harris project in the Fraser Range, Western Australia.
This discovery has prompted a re-interpretation of several airborne electromagnetic targets at Lake Harris.
Previously identified conductors are now being interpreted as possible nickel-copper sulphide bodies, highlighting potential for a large nickel-copper system.
This new interpretation is based on a detailed magnetic survey which identified magnetic basement lithologies and structure, subsequent airborne surveys that located deeper basement conductors, and thirdly, the drilling evidence now produced by Classic.
Enterprise's Lake Harris Project covers a substantial portion of the iron rich western units of the Proterozoic Albany-Fraser Orogen.
The Project is located 25 kilometres south of Zanthus on the Trans-Australian rail line, 200 kilometres east of Kalgoorlie.
During 2013, plans were prepared for drill testing various uranium targets and completed heritage surveys over the uranium targets.
However, given the significance of the Classic's nickel-copper results, the Enterprise is considering options for testing deeper base metal targets.