Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Enterprise Metals Starts Heli-Borne Survey Over Fraser Range Project

Enterprise Metals (ASX: ENT) is accelerating its search for massive nickel-copper sulphides at its Fraser Range Project in Western Australia with the start of a 1,400 line kilometre HeliTEM survey.

The survey is designed to cover areas of anomalous soil geochemistry, several identified magnetic targets and some areas where soil sampling may be ineffective.

Ground follow up of the previously reported soil geochemical targets and any HeliTEM targets identified will start in mid-April following completion of the airborne survey.

This will begin with ground induced polarisation or electromagnetic work with subsequent drill testing in May and/or June 2013 following heritage surveys and Department of Mines and Petroleum approvals.

Enterprise's Fraser Range Project in the emerging Albany-Fraser Orogen is located just Project, 40km southwest of Sirius Resources' (ASX: SIR) Nova and Bollinger high grade nickel-copper discoveries.

Soil sampling has already identified six relatively discrete targets for immediate ground follow up.

Enterprise Metals remains well-funded to continue its aggressive exploration with around $3.9 million cash in the bank at the end of December 2012.

The company is backed by major shareholder SinoTech (Hong Kong) Corporation, which holds a 33.77% stake in Enterprise Metals.

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.