An electromagnetic (EM) survey conducted within Cauldron Energy’s Melrose tenement in Western Australia has successfully pinpointed potential drilling targets showing signs of magnetic and geochemical anomalies.
The Melrose Project is situated approximately 125km north of Julimar, near the western boundary of the Yilgarn Craton, and is also a mere 15km south of Chalice’s Barrabarra Project.
The Melrose Project is the largest Nickel-Copper-Platinum-group Element (PGE) prospective land-holding within the Barrabarra Greenstone Belt region of the West Yilgarn Craton, and sits on accessible private farmland, with sealed road frontage where most of the native title has been extinguished.
The survey spanned two recently acquired areas of the Melrose tenement, and comprised a total of 361.3 line kilometres, with 105 E-W lines spaced 150m N-S from one another, and some portions having an infill of 75m line spacing.
Magnetic and geochemical signatures were found throughout the report and are indicative of mafic/ultramafic intrusive rocks, potentially rich in nickel-copper-PGE mineralisation. Moreover, the EM anomalies suggest areas where more conductive sulphides could be located.
The vicinity of these targets to historical air-core drill-holes which have demonstrated elevated levels of nickel and copper makes them more compelling for exploration, with Cauldron having immediate plans to initiate drilling to test these promising targets as soon as the agricultural cropping season concludes, in order to ensure seamless operations.
