Fraser Range Metals (ASX: FRN), formerly AAQ Holdings, has completed a VTEMmax airborne survey over a large part of the Plumridge Project in Western Australia that has identified 28 targets.
High priority targets will be followed up with ground electromagnetic surveys.
The 1,170 line kilometre survey was commissioned to explore interpreted mafic/ultramafic rocks that form the Fraser Zone for anomalous EM responses that may be caused by accumulations of massive sulphides similar to Sirius Resources' (ASX: SIR) Nova prospect.
It also targeted graphite in metasediments of the Biranup Zone.
The initial interpretation has highlighted many target responses associated with the highly prospective Fraser Zone, as well as within the Salt Creek intrusives to the northwest.
A number of these are associated with higher magnetic responses interpreted to be due to mafic/ultramafic lithologies analogous to those hosting the Nova prospect to the southwest along the Fraser Zone.
The Plumridge Project is located about 280 kilometres east-northeast of Kalgoorlie and is located within the Proterozoic Albany-Fraser Orogen on the eastern edge of the Yilgarn Craton.
The southeastern portion of the project overlies mafic/ultramafic granulites of the Fraser Zone.
The northwestern tenements of the project cover high grade metasediments and granitoids of the Eastern Biranup Zone, potentially including reworked Archaean material.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.