21/01/2021 - 13:38

Oar Resources lights up targets adjacent to Julimar discovery

21/01/2021 - 13:38

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Oar Resources has lit up more than twenty targets at its Crown nickel project, just ten kilometres west of WA’s prominent Julimar nickel-PGE discovery. A detailed evaluation of the regional geophysical datasets at Crown has revealed a wealth of structural and geological targets, which stretch along more than 15km of strike in a terrane that has developed into one of Australia’s most sought-after exploration addresses.

Airborne geophysical surveying in Western Australia. Credit: File

Oar Resources has lit up more than twenty targets at its Crown nickel project, just ten kilometres west of WA’s prominent Julimar nickel-PGE discovery. A detailed evaluation of the regional geophysical datasets at Crown has revealed a wealth of structural and geological targets, which stretch along more than 15km of strike in a region that has developed into one of Australia’s most sought-after exploration addresses.

The company has engaged WA-based geophysical experts, Southern Geoscience to undertake a review of its Crown project area north of Perth, with the globally recognised consulting group quickly identifying a range of targets across the highly prospective terrane.

An interpretation of both magnetic and radiometric datasets has highlighted a number of key fault-related targets throughout the project tenure. The region is prospective for gold mineralisation, whilst a geological evaluation has unearthed two main stratigraphic targets that show similar geophysical characteristics to the rocks of the nearby Gonneville intrusive which hosts Chalice’s Julimar nickel-PGE discovery.

Oar Resources General Manager of Exploration, Tony Greenaway said:“The identification of twenty separate priority target areas, supports our belief the Crown project has significant potential for discovery. With the tenement application due to complete its Native Title notification period in the near future, we are looking forward to work with our local landholders to get ‘boots on ground’ this quarter and taking this exciting project to the next stage.”

Oar Resources, formerly known as Oakdale, owns the Crown nickel and gold project which is located a mere 55km north-east of Perth in Western Australia. The project covers more than 90 square kilometres of the South West Mineral Field to the west of the nickel-PGE-rich Gonneville intrusion. Oar’s tenure stretches over more than 18km of strike and takes in an interpreted sequence of prospective greenstones and related intrusive bodies which also hosts the historic Chittering gold mine in the north of the project area.

Completion of geophysical targeting across the Crown project clears the way for a move into active field exploration. Oar is now engaging with various land-owners and native title groups to finalise the grant of its tenement application and to secure access to the prized exploration ground, much of which overlies private farmland.

Oar is already well advanced with exploration planning and will look to test its four priority one and five priority two targets in the southern tenement area in the coming months. The upcoming work program is set to include reconnaissance mapping and sampling, systematic geochemical  sampling across priority target areas and ground geophysical surveys over potential deeper sulphide targets in preparation for drill testing later in the year.

Oar looks set to kick its field program into gear at Crown in the coming weeks and with medley of targets already begging to be tested, it could be off to the races in this highly coveted terrane north of Perth in WA.

 

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au

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