A GROUND electro-magnetic (EM) survey has identified two significant conductors at Ram Resources’ Fraser Range North Project in southern Western Australia. Both of these conductors are considered prospective for nickel sulphides and are associated with elevated nickel and copper geo-chemistry.
The EM survey, which did not cover all of the Fraser Range North ground, also identified several lower priority conductors.
Fraser Range North is in the heart of the Fraser Range gravity high complex, 150km north of Sirius Resources’ Nova nickel-copper deposit and immediately south of Segue Resources’ Plumridge Project.
Ram has completed phase 1 of the ground EM on a proximal 400 metre grid pattern over two tenements. The survey targeted the interpreted mafic/ultramafic intrusions from the magnetic survey completed in the September quarter of 2014. Two conductors are considered to be significant and warrant further evaluation.
One conductor (FRN22) forms a 500 metre continuous zone of moderate conductance and is associated with elevated nickel-in-soil values. The other sits between two interpreted mafic intrusions at the southern end of a magnetic eye feature. The eye feature extends to the north into Segue Resources’ ground. The depth of cover is unknown but the conductive overburden has hampered the modelling of ground EM for the conductor.
Ram managing director Bill Guy said the Fraser Range North conductors were extremely promising. “Ram’s exploration program has now identified many priority drilling targets across its Fraser Range projects. FRN 22 is particularly attractive and at just around 125 metres deep it can be tested by a relatively cheap RC drill hole.”
He said Ram would complete the second phase of the EM surveys on the rest of the ground at Fraser Range North and then devise a drilling plan.
The ground Moving Loop Electromagnetic (MLEM) was completed by Outer Rim Exploration Services. An estimated 266 stations were completed using a high powered Transmitter HPTX (100 amps). The survey consisted of a 200 x 200 metre single turn loop.
Ram has the right to purchase any one of the five tenements which comprise the Fraser Range North project for $50,000 each at any time prior to February 15, 2016.
Ram has also submitted the key Conservation Management Plan for its Fraser Range South Nickel Project, putting it on track to start drilling in the coming months. Drilling will focus on two shallow bedrock conductors located less than 2km from Sirius Tesources’ Crux and Centauri nickel prospects.