TechGen Metals Initiates Cutting-Edge Geophysics Survey at Sally Downs Copper Project
TG1 (TG1) Share Update July 2024 Wednesday 31st
TechGen Metals Begins Advanced Geophysics Survey at Sally Downs Copper Project
TechGen Metals Limited has announced the commencement of an advanced airborne geophysics survey at its Sally Downs Copper and Nickel Project in Western Australia.
Instant Summary:
- First-ever airborne geophysics survey at Sally Downs Copper (+/- Nickel -PGE) project.
- 650-line kilometers at 200m spacing being flown.
- Survey conducted by Expert Geophysics using the latest technology.
- Excellent access and nearby infrastructure.
- Targeting massive sulphide, intrusive, and shear-hosted mineral deposits.
Survey Details
TechGen Metals Limited has begun an advanced airborne geophysics survey at its Sally Downs Copper and Nickel Project, located 10km south of the Savannah Nickel, Copper, and Cobalt Mine in Western Australia. The survey, conducted by Expert Geophysics, aims to generate bed-rock conductors for drill targeting.
The survey will cover 650-line kilometers at 200m spacing, utilizing the latest geophysics technology. The project area, within the Halls Creek Orogen, contains rock units of the Sally Downs Supersuite, Tickalara Metamorphics, and Dougalls Suite. Despite its prospective geology, previous exploration in the area has been limited, with no prior drilling or electrical geophysics completed.
Technological Advancements
The survey employs the TargetEM26 (TIME-DOMAIN EM) System and an Airborne Magnetometer System. The TargetEM26 system, a new patent-pending airborne time-domain electromagnetics system, combines the latest achievements in electronics and sophisticated signal processing techniques to deliver high-resolution geoelectrical data.
The Airborne Magnetometer System, developed by Expert Geophysics Limited (EGL), utilizes a Geometrics G822A or Scintrex CB-3 caesium magnetometer sensor. The data acquisition system features EGL proprietary technology and software, recording data on an internal flash disk and displaying it on a color LCD display for post-flight computer processing.
Future Prospects
Upon completion of the survey, the data will be modeled by Expert Geophysics and Southern Geoscience, with relevant targets to be announced once available. TechGen's other Kimberley projects, Blue Devil and Copper Springs, will also be flown in the coming weeks using a newer version of the TargetEM26 system.
TechGen is in the process of applying for research and development grants for the pending surveys, given the new technology's introduction to Australia. The company's strategic positioning within high-quality projects known to host high-grade mineralization provides a scientific first-move advantage in the renowned mineralized district.
The commencement of this advanced geophysics survey is a significant step for TechGen Metals, potentially leading to the discovery of new mineral deposits. The use of cutting-edge technology could enhance the company's exploration capabilities and increase investor confidence. The proximity to the Savannah Nickel Mine and the project's prospective geology further bolster the potential for positive outcomes.
Investor Reaction:
Analysts are likely to view this development positively, given the advanced technology and the project's strategic location. The potential for discovering new mineral deposits could drive investor interest and positively impact TechGen's stock price. However, the final results of the survey will be crucial in determining the long-term impact.
Conclusion:
Investors should keep an eye on the upcoming announcements regarding the survey results and assess the potential long-term impacts on their portfolios. TechGen Metals' strategic use of advanced technology and its proactive approach to exploration could position the company for significant growth.