Ground field checks and electromagnetic (EM) source plate modelling underway, drilling to commence in October 2022
Preliminary data has been received from recently completed VTEM Airborne Electromagnetic survey (AEM) over the Byro East Ni-Cu-PGE project in the West Yilgarn nickel province in WA.
A total of 31 mid-to-late-time, high-priority bedrock EM conductors were identified.
The survey utilised the UTS Geophysics VTEM MAXTM time-domain AEM system, flying a total of 2,395-line-km and covering 602km2 of gneissic-mafic-ultramafic terrane prospective for magmatic nickel-copper-PGE sulphide-related mineralisation.
The survey targeted Julimar and Nova-Bollinger style Ni-Cu-PGE sulphide mineralisation forming electrically conductive targets.
Several Priority-1 AEM anomalies coincident with pipe-like gravity highs, magnetic highs and Ni-Cr-Cu mafic litho-geochemistry anomalies in soils have been identified and will be targeted for immediate follow-up field work.
Ground field checks and preliminary EM source plate modelling is underway.
Final VTEM survey data results to be announced in four weeks once final levelled data are received from UTS.
Drilling of AEM targets anticipated to commence in October, pending final plate modelling, Heritage clearances and statutory approvals.
Cosmos Exploration Executive Chairman, Jeremy Robinson said:
“The preliminary results from this AEM survey have exceeded our expectations, defining multiple high-priority targets having coincident geochemical and gravity anomaly signatures which we are excited to progress to the next stage. We undoubtedly have some first-class Ni-Cu-PGE sulphide drill targets to test in an under explored terrain of WA that forms a high-grade gneissic belt with known ultramafic related source rocks in a similar setting to the Chalice Gonville discovery to the south-west.
“Ground truthing and follow-up exploration is underway, along with modelling of the AEM targets to generate source bodies as EM conductor plates for drill-hole planning for a landmark drilling campaign scheduled to kick off in October this year.”