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
Far Northern Resources

Far Northern Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Far Northern Resources

Far Northern Resources


Keep reading...Show less

Australia-based gold and copper explorer

Quimbaya Gold (CSE:QIM)

Quimbaya Gold Doubles Private Placement to $4 Million on Back of Strategic $2M Commitment

Upsize driven by cornerstone investment from a strategic investor group with a strong conviction in Company's Colombian exploration focus

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce that it has upsized its previously announced non-brokered private placement financing from approximately $2,000,000 to $4,000,000 (the "Offering"), following a cornerstone investment from a strategic investor group with a long-term vision for Quimbaya Gold. No commissions are payable in connection with this strategic investment.

The Company views this as a meaningful endorsement of its regional-scale exploration strategy in Colombia and the progress made to date across its flagship Tahami project. The private placement is expected to close on or about June 27, 2025, and remains subject to customary closing conditions and regulatory approvals. All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period in accordance with applicable securities laws.

Keep reading...Show less
Maritime Resources (TSXV:MAE)

Maritime Announces Completion of Share Consolidation

Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") announces that, further to its press release on May 26, 2025, it has consolidated the Company's issued and outstanding common shares (the "Common Shares") on the basis of one (1) new Common Share for every ten (10) existing Common Shares (the "Consolidation"). Each shareholder's percentage ownership in the Company and proportionate voting power remains unchanged after the Consolidation, except for minor changes and adjustments resulting from the treatment of any fractional Common Shares.

As a result of the Consolidation, the 1,124,952,780 Common Shares issued and outstanding prior to the Consolidation have been reduced to 112,495,278 Common Shares. The exercise price of the Company's existing incentive stock options under the Company's omnibus equity incentive plan, the number of Common Shares issuable thereunder, and the exercise price and number of Common Shares issuable under certain outstanding warrants have been adjusted in accordance with the Consolidation.

Keep reading...Show less
gold in new brunswick

Brunswick Exploration Announces AGM Results

Brunswick Exploration Inc. (“BRW” or the “Corporation”) is pleased to announce the results of its annual general meeting (“AGM”) of shareholders held on June 12, 2025. Shareholders holding a total of 80,309,202 common shares of the Corporation attended the AGM in person or were represented by proxy, representing approximately 37 % of the 218,274,932 common shares issued and outstanding.

Pierre Colas, Jeffrey Hussey, André Le Bel, Amy Satov, Mathieu Savard and Robert Wares were re-elected to the board of directors.

Keep reading...Show less
Harvest Gold (TSXV:HVG)

Harvest Gold Identifies 15 Primary And 10 Secondary Targets For Its Diamond Drill Program At Its Mosseau Project In Quebec

Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold ” or the “Company ”) is pleased to announce the finalization of drill targets for its planned diamond drill program at the Company’s Mosseau Project, located in the Urban-Barry Greenstone Belt of Quebec (Figure 1).

Rick Mark, President and CEO of Harvest Gold, states: “Our geological team has done a tremendous job in compiling and collating the many datasets from the historic work of many companies in the northern area of Mosseau. They also built a new database for the central area with Harvest Gold’s 2024 air and ground programs data, captured using today’s technologies, layered over the data from historic work done sporadically. Drill permits are secured and a drill contract for a 5,000-metre program is signed. We are ready to drill.”

Keep reading...Show less
Radisson Mining Resources (TSXV:RDS)

Radisson Announces Results of its Annual and Special Meeting of Shareholders

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company) is pleased to announce the results of its Annual and Special Meeting of Shareholders ("AGM") held on June 12, 2025. Shareholders voted in favour of all items of business, including the election of each director nominee, the appointment of auditors, and the adoption of a new Omnibus Equity Incentive Plan. A total of 156,469,851 votes were represented in the meeting amounting to 45.22% of the Company's class A shares issued as of the record date. Directors re-elected to the board were Pierre Beaudoin, Lise Chénard, Michael Gentile, Peter MacPhail, Matt Manson, Jeff Swinoga and Cindy Valence. Subsequent to the AGM, Pierre Beaudoin was re-appointed as Chairperson of the Board of Directors.

Keep reading...Show less
Far Northern Resources

Far Northern Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×