Far Northern Resources

Geophysical Survey Identify Five IP Anomalies on a Granted Mining Lease.

The Empire IRGS Project in North QLD.

Far Northern Resources Limited ASX (FNR) is pleased to announce that it has successfully completed the Pole Dipole Induced Polarisation (PDIP) geophysical survey covering the Empire Mining Lease (ML20380) in far north Queensland.


Highlights

  • Pole Dipole Induced Polarisation has delineated five new chargeability high anomalies over the Empire North and Empire South on ML20380. (Fig 1)
  • The survey covered 13 lines over 19.7km using 50m & 100 dipole-dipole.
  • The five new anomalies are characterised by high chargeability with associated structurally controlled resistivity low.
  • Targets 1 and 2 appear to be close to surface and structurally controlled with chargeability high over some 400m. (Fig 3 & 4) with Target 1 appearing to dip to the northwest.
  • Target 3,4 & Target 5 appear to be connected on an arcuate structure, some 800m in length. (Fig 5, 6 & 7)
  • This is the first systematic IP survey over the Mining Lease. No part of the 5 anomalies has been drill tested to date.
  • FNR is finalising a drilling plan for mid July 2024.
  • The Mining Lease incorporates two breccia pipes with gold bearing epithermal quartz veins mantling the eastern flank totalling a JORC of 23,000Oz Au.

Empire Mining Lease IP Lines

Figure 1: Location of IP survey lines and target areas. Empire

The survey was designed to test first the extent of the porphyry discovered at depth beneath Empire North from the latest drilling by FNR. Secondly, to help delineate the area to the south over the copper gold projects that were highlighted by airborne magnetic survey and the recent rock chips reported in April (ASX Announcement 15/04/2024). The key focus of the PDIP survey was to better define the structural controls of the Mining Lease taking into consideration the magnetic low anomalies, the two breccia pipes and the historic mine shafts and pits at Empire South.

The survey data has confirmed three new large and two smaller chargeability anomalies associated with the magnetics (Fig 2) and has allowed FNR’s technical team to locate and plan new drill targets within the project area ahead of the planned drilling in July this year.


Click here for the full ASX Release

This article includes content from Far Northern Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

FNR:AU
The Conversation (0)
Bridge Creek Phase 1 Assays

Bridge Creek Phase 1 Assays

Far Northern Resources (FNR:AU) has announced Bridge Creek Phase 1 AssaysDownload the PDF here. Keep Reading...
Bridge Creek Phase 1 Assay Composites Received

Bridge Creek Phase 1 Assay Composites Received

Far Northern Resources (FNR:AU) has announced Bridge Creek Phase 1 Assay Composites ReceivedDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Far Northern Resources (FNR:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Drilling to Commence on Bridge Creek Mining Lease

Drilling to Commence on Bridge Creek Mining Lease

Far Northern Resources (FNR:AU) has announced Drilling to Commence on Bridge Creek Mining LeaseDownload the PDF here. Keep Reading...
Amended Appendix 5B

Amended Appendix 5B

Far Northern Resources (FNR:AU) has announced Amended Appendix 5BDownload the PDF here. Keep Reading...
Hand holding stylus near a gold bar, labeled "Weekly Editor's Picks."

Editor's Picks: Gold Price Recovers from Biggest One-Day Drop in 12 Years

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.Silver took a similar hit, slipping back below the US$50 per ounce level.The drops have been attributed to factors like a... Keep Reading...
Golconda Gold (TSXV:GG)

Gold and Crypto: Redefining the Future of Finance

Click here to register for the webinarGold is making a powerful comeback as a cornerstone of the global financial system—but it’s not alone. Digital assets and cryptocurrencies are rapidly transforming how capital moves across markets. Instead of competing, gold and crypto are increasingly... Keep Reading...
Lahontan Gold (TSXV:LG)

Lahontan Closes Strategic York Claims Purchase at Santa Fe

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Company has completed the Purchase (the "Purchase") of 27 unpatented lode mining claims (the "York claims") from Emergent Metals Corp ("Emergent"). The York claims are contiguous... Keep Reading...
Finger flipping block from "RESTART" to "START" on orange background.

Barrick’s Mali Gold Mine Restarts Under State Control

Barrick Mining's (TSX:ABX,NYSE:B) Loulo-Gounkoto mine in Mali has resumed operations for the first time in over nine months, following a court-ordered takeover by the West African nation’s military-led government, according to a Bloomberg report.The Loulo-Gounkoto complex had been shuttered... Keep Reading...
Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

These Programs Support the Advancement of Tonopah West Towards the Permitting of an Exploration Decline to Enable Test Mining and the Extraction of a Bulk SampleHIGHLIGHTS:The Phase 2 hydrology program will consist of placing 5 additional piezometers, a dewatering well and a groundwater... Keep Reading...
Augustus Minerals

High stakes and blue sky as Augustus lines up for PNG golden prize

There’s a big play happening up in PNG with a potentially huge prize and the $9m ASX listed Augustus Minerals is in the thick of it. After years of dispute, court cases and controversy, the gold-rich Mt Kare project, that sits about 600kms north-west of Port Moresby, is about to be awarded to... Keep Reading...

Latest Press Releases

Related News