people are seeing the potential. heres yesterdays...

people are seeing the potential. heres yesterdays announcement:

ASX RELEASE LAKE JEFFRIES PROSPECT BOOSTED BY WMC RESOURCES FALCON MINERALS COLLURABBIE HILLS RESULTS �� Potential for nickel-copper-platinum group (PGE) mineralisation, as well as gold, within Polaris’ 100% owned Lake Jeffries tenements, 25km NNW of WMC/Falcon Minerals Ltd Olympia Prospect. �� Ni-Cu-PGE potential is based on GSWA regolith geochemical mapping and the projection along strike of ultramafic units within WMC Resources tenements as indicated by regional magnetics. �� Calculation of depth to magnetic bodies in Archaean basement, below the cover of Proterozoic sediments, range from 60m to 400m; meaning the area can be explored with conventional methods. Polaris’ Lake Jeffries tenements were applied for in 2002 to cover an area in which GSWA regolith geochemical sampling had found anomalous concentrations of chalcophile elements that are indicative of sub-surface sulphide mineralisation. The tenements lie within the Proterozoic Earaheedy Basin near its southern margin and are situated only 25km NNW of the WMC Resources/Falcon Minerals Ltd Olympia Prospect (Collurabbie Hills), an exciting new find of nickel, copper and PGE mineralisation. Regional aeromagnetics and gravity clearly show that the Archaean greenstone belt hosting the mineralisation extends beneath the Earaheedy Basin sediments. A strongly magnetic body (possible ultramafic) on the projected NNW trend of mineralisation reported by WMC crosses the eastern boundary of Polaris’ Lake Jeffries tenements and represents a 10km-long exploration target (Figure 1). Some GSWA regolith geochemical samples in the area are anomalous in platinum group elements platinum and palladium. Peaks in palladium are notable at Collurabbie Hills and also within the Lake Jeffries tenements (Figure 2). Naudy (Intrepid) auto-modelling geophysical processing and interpretation software used to calculate depth to magnetic bodies in the Archaean basement below the cover of Proterozoic sediments within the Lake Jeffries tenements gave results ranging from 60m to 400m. This means that the area can be explored with conventional methods such as geophysical surveying and drilling. For and on behalf of POLARIS METALS NL