KEY PROJECT– SYMONS HILL

Location

 Project Locations

The Symons Hill licence is located east of Norseman and approximately 200 kilometres south-east of Kalgoorlie in Western Australia and covers an area of 73 square kilometres.

 

This licence, in The Fraser Range, is immediately adjacent and on the north-east trend of the licence which contains the world-class Nova/Bollinger nickel-copper discovery which is now owned by Independence Group NL after it completed the $1.8 billion takeover of the previous owner, Sirius Resources NL, during late 2015.

 

Based on the regional magnetics the Symons Hill licence contains the same sequence of rocks which host the Nova/Bollinger nickel sulphide deposits.

 

This geological belt is also host to the AngloGold Ashanti Tropicana gold deposit (over 8 million ounces gold) considered the most significant gold discovery in Australia in the past decade.

 

 Symons Hill Tropicana / Nova licences belt (“geological belt”) map

 

The Symons Hill Tropicana / Nova licences belt (“geological belt”) 

 

Boadicea Resources Licence Exploration.

 

Boadicea Resources was listed on the Australian Stock Exchange in 2012

Since listing Boadicea Resources has assembled an extensive data base comprising soil sampling, magnetic survey,  aerial and ground EM surveys, first pass aircore and diamond drilling.

During 2015 Boadicea completed a detailed infill gravity survey across the western portion of its licence. A detailed interpretation of the survey resulted in a total of 13 targets being identified including 6 high priority targets. The high priority targets were selected on the basis of their position along trend from Nova and/or a combination of both magnetic and gravity signatures.

Symons Hill Project - Targets On Residual Bouguer Gravity Image

Symons Hill Project - Targets On Residual Bouguer Gravity Image

Towards the end of 2016 Boadicea completed a significant air core drilling  program over 7 priority geophysical targets in the south of the licence which defined 2 prospect areas.

A subsequent Moving Loop Electromagnetic ( MLEM ) survey was completed over the 2 prospect areas defined by the air core program.

A review of the MLEM results has highlighted 2 anomalies at the SH – 04 prospect that warrant further infill surveying.

Further MLEM testing of these anomalies will be undertaken as part of a broader MLEM survey planned to test a number of targets in the northern part of the licence .

The required Aboriginal Heritage  Survey which will allow access is expected to be completed late August 2017.

As part of the air core drilling the most northerly drill traverse at the SH – 01  Nickel – Copper target passed through a gold soil anomaly defined in the 2013 soil sampling program.

An infill soil sampling program confirmed and refined the gold anomalism within the main  anomaly ( North West anomaly ) having dimensions of 1000 metres by 200 metres at a over 10 ppb gold contour and being located proximal to a distinct Aeromagnetic anomaly. Further testing will be considered as part of a future air core drilling program.

Further corporate activity in the Fraser Range has culminated in the $20 million takeover of Windward Resources in October 2016

The only independently owned exploration licences remaining around Nova held bt listed exploration companies are those held by Boadicea and Matsa Resources.