The immediate focus of the FLTEM surveys will be three high order EM anomalies (RB_VA1-3, Figure 1) with coincident magnetic anomalies, identified from the recently completed VTEM airborne electromagnetic survey (see ASX releases dated 28 November 2012 & 13 December 2012). The combination of EM conductors and magnetic anomalies is a strong indicator of mineralised systems.
The FLTEM results and subsequent modelling are expected to provide robust targets very quickly which can then be fast tracked for drilling.
Managing Director, Bruce McQuitty said that Sheffield was moving ahead quickly with its exploration programme at Red Bull.
“Our on-ground exploration approach is similar to that used by Sirius to discover the Nova deposit. We intend to have drill-ready targets by Q2 2013.”
The immediate focus of the FLTEM surveys will be three high...
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