Nagambie Resources continued to improve and refine the WaGM for Fosterville-style underground gold mineralisation in the Waranga Domain during the quarter. Two new exploration techniques were trialled, both with encouraging results. The first was lithogeochemical testing of diamond drill core for hydrothermal alteration of the unoxidised sedimentary rocks. The second technique was radial-down-the-hole induced polarisation (radial-DTH IP).
Together with the previously utilised geophysical methods (aeromagnetics, gravity and ground IP), geochemistry (proprietary soil sampling), field mapping and drilling (aircore, reverse circulation (RC) and diamond core), the new techniques further improve the ability of Nagambie Resources to establish coincident anomalies in prospective areas. Relevant anomalies in the Waranga Domain can reflect structure (particularly thrust faulting), geochemistry (gold, arsenic and antimony), high IP chargeability (the presence of sulphides) and hydrothermal alteration (sulphide-gold mineralisation results from the upward movement of hydrothermal fluids from the Earth’s crust).
NAG Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
