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High-Tech Metals Limited (ASX: HTM) (High-Tech, or the Company) is pleased to announce positive results from the geophysical program conducted at its Werner Lake Cobalt Project located in north-western Ontario. The program, (Refer to ASX Release dated 20th April 2023) is aimed at identifying potential mineral deposits and improving our understanding of the geological structure of the area.
HIGHLIGHTS
- HTM completes successful ground magnetic and electromagnetic surveys at its Werner Lake Cobalt Project to identify high priority electrical conductors and/or magnetic anomalies for follow- up drilling.
- Results are being refined for Phase II exploration including mapping and sampling over geophysical targets.
- The Company has received and continues to appraise several new project opportunities in the vicinity of Werner Lake and continues to conduct high-level internal assessments on projects that fit the Company’s objective of becoming a battery metal focused company.
The geophysical program totalled 60.5-line km of magnetic and VLF data collected across two grids completed over 8 days (49.5-line km Werner East and 10.9 line km Werner West). Below are preliminary residual magnetic intensity (RMI) and in-phase Fraser Filtered VLF gridded results (Refer Figure 1 and 2), A Loupe TDEM orientation survey was completed to the North of the Western Portal of the Werner Lake deposit consisting of approximately 3-line km across zones of known mineralisation.
Finalisation of targeting for Phase II is expected within two weeks. Results from the planned mapping and sampling program, a combination of lithogeochemical and substrate sampling, will provide additional data for a second round of electromagnetic surveying leading to an HTM planned maiden drilling program.
Figure 1 - Werner Lake Ground Geophysical Survey: Residual Magnetic Intensity Gridded Images.
Figure 2 - Werner Lake Ground Geophysical Survey: VLF In-Phase Fraser Filtered Gridded Images
Sonu Cheema, Executive Director commented:
"We are very pleased with the progress and completion of High-Tech’s geophysical program, of which initial interpretation of the results have provided valuable insights into the geological structures and mineralisation potential of the Werner Lake Cobalt Project. The targets identified by the program are highly prospective, and we are eager to commence planning HTM’s drilling program to test their mineralisation potential."
HTM is committed to responsible exploration practices and takes measures to minimize the impact of its exploration activities on the environment and local communities.
Click here for the full ASX Release
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