PLD Corporation (ASX:PLD) has revealed that drilling and geophysics teams are being mobilised and will commence next week seeking nickel-copper sulphides at the 1,200 square kilometre Rocky Gully Project in the Albany Fraser Belt, Western Australia.
Approvals have been received from the Department of Mines and Petroleum, agreements signed with landowners and contracts organised with the drilling and geophysical contractors.
The high priority M19 and M20 targets have been defined by systematic exploration including geological mapping, geophysical and geochemical surveys and limited shallow drilling.
Drilling is anticipated to commence next week for a campaign of up to 10 reverse circulation holes for 2,000 metres.
The drilling at both M19 and M20 is targeting an ultramafic Magnetic Intrusive, electromagnetic anomaly and associated geochemical anomaly.
The program will be aimed at verifying reported nickel-copper sulphides, extend known mineralisation along strike and at depth, to better understand the geochemistry and stratigraphy.
Results from the drilling will be evaluated using Niton Field XRF on site and assayed for multi-element suite of minerals with a focus on nickel and copper.
PLD will also undertake a deep moving loop electromagnetic survey which is used to detect massive sulphide conductors to depths greater than 500 metres.
The Bollinger deposit discovered by Sirius Resources (ASX:SIR) was invisible to conventional electromagnetics, and was subsequently detected using a similar deep penetrating system.
Notably, deep penetrating electromagnetics have not been employed before at Rocky Gully.
The company recently raised $1 million at $0.006 and is capped at $5 million.
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