NICKEL – COPPER

(100% AQD – Subject to Strategic Alliance Agreement with South32)

Balladonia ,Western Australia.

The Balladonia Project is located ~60km south of the Nova–Bollinger nickel-copper deposit and consists of seven Exploration Licences covering an area of ~1,200 km².

The project occurs within a structurally complex region of the Fraser Range Terrain and is centred above a deep regional gravity anomaly (~30 milligals) thought to reflect buried mafic-ultramafic rocks similar to those that host the Nova-Bollinger deposit. Most of the tenements are located within the Dundas Nature Reserve.

Initial drill testing (both diamond and aircore) of six EM targets associated with low magnetic anomalies (thought to reflect mafic intrusions) has been completed to test for nickel and copper mineralisation.

Diamond drilling of three targets intersected predominantly granitic and felsic rocks with visible iron alteration throughout large portions of the core. Zones of low magnetic susceptibility were found to coincide with highly altered/oxidised felsic rocks reminiscent of IOCG style alteration but no nickel sulphides were intersected.

Air-core drilling over the Telegraph prospect intersected highly anomalous base metal values (Cu, Pb, Zn, Ag) within weathered / altered felsic host rocks, inferring potential for a base metal target ~500m x 200m in size.

Base metal values ranged from 300 to 5500ppm Cu, 1 to 15gptAg, 100 to 1800ppmPb, and 300 to 2900ppmZn, plus elevated As, Bi, Cd, Co, Cr and Mo and anomalous light rare earths Ce, La, and Nb. Reverse Circulation (RC) drilling of this target is planned for late 2019. Exploration work at Balladonia is funded under the SAA with South32.

 

 

 

 

Revised 25/10/2019.

Balladonia Magnetics

Balladonia Telegraph Prospect Air-core Drilling Results

Balladonia Magnetics

Telegraph section showing air-core results and planned RC drill-holes.

ABOUT US.

The company is currently exploring within Australia & Peru and holds in excess of 8,000 km² of exploration title (granted tenements and tenement applications).

CONTACT US.

Company office & mailing address:
8 Kearns Crescent, Ardross WA 6153
Email: graeme@ausquest.com.au
Phone: 08 9364 3866
Fax: 08 9364 4892

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