Dundas Minerals firms-up conductive anomalies at Matilda South
Dundas Minerals expects to complete its maiden drilling at the Kokoda gold prospect this week.
Dundas Minerals (ASX: DUN) has firmed-up conductive anomalies that may host nickel mineralisation at its Matilda South prospect in Western Australia’s Albany-Fraser Orogen.
The anomalies have been identified from a three-line audiomagnetotellurics (AMT) survey and have been interpreted to represent high conductivity areas.
Dundas noted this was consistent with the previous interpretations of large mafic/ultramafic intrusion, which is deemed similar to IGO’s (ASX: IGO) Nova-Bollinger deposit about 150km northeast of Matilda.
Commenting on the results, Dundas managing director Shane Volk it was the outcome the company had hoped from the survey.
“These encouraging results now provide use with distinct areas of focus, as we continue to progress Matilda South towards a maiden drilling program, which we are targeting to commence by mid-year.”
Matilda South prospect
Canadian junior IGC Resource explored Matilda South between 2005 and 2009, with programs comprising soil sampling, a gravity survey and wide-spaced aircore drilling.
The aircore program totalled 44 holes with the deepest extending to a 64m depth.
Mr Volk noted only one hole from that program had been drilled in the area covered by Dundas’ AMT survey and it was only completed to 11m.
“Likewise, only one soil sample was taken from within the AMT survey area, and none of the soil samples were assayed for nickel.”
Mr Volk said no further drilling had been completed at the prospect despite recommendations.
Since that time no further ground-based exploration has been undertaken at Matilda South.
Albany-Fraser Orogen
Dundas’ ground position in the southern Albany-Fraser Orogen comprises 12 contiguous exploration licences covering 1,201 square kilometres.
As well as IGO’s Nova-Bollinger operation, the region is home to AngloGold Ashanti (ASX: AGG) and Regis Resources’ (ASX: RRL) Tropicana gold mine.
Across the vast tenement package, Dundas is exploring for battery metals, nickel in particular, and gold.
Dundas describes its ground as underexplored and highly prospective for Nova-Bollinger and Tropicana-style deposits – especially at depth.