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High-Tech Metals Limited (ASX: HTM) (High-Tech, or the Company)), is pleased to advise that it is soon to commence ground magnetic and electromagnetic geophysical surveys at its 100% owned Werner Lake Cobalt Project (the Project) (Figure 1 – Project Location).
HIGHLIGHTS
Ground magnetics and electromagnetics surveys to commence at the Werner Lake Cobalt Project in early May.
High priority electrical conductors and/or magnetic anomalies will be key focal points for a follow- up RC/Diamond Drilling Program at Werner Lake which is known to contain cobalt-copper sulphide lenses.
The Company has received 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 surveys will include ground magnetometer traverses coupled with a Very Low Frequency-Electromagnetic (VLF-EM) system. Field crews will also conduct surveys with the Loupe Electromagnetic (EM) system.
Figure 1 - Project location and key infrastructure access in Ontario
The orebodies and anomalous mineralisation established historically at, and proximal to, Werner Lake (both cobalt-copper and nickel-copper- chromium-platinum group element mineralisation styles) are known to possess strongly magnetic and electromagnetic characteristics and lie within or along strike of the proposed survey areas (Figure 2). Compelling geophysical targets will be further explored with soil & rock sampling, trenching and mapping leading to the establishment and refining of 2023 exploration drill targets.
Figure 2 - Project plan map showing locations of ground geophysical grids. The proposed survey areas cover highly prospective, along-strike extents of the known orebodies as depicted by the background airborne magnetics.
APEX Geoscience Ltd have been engaged to conduct, process and interpret these surveys which will take approximately 2-3 weeks to complete; a total of ~60 km2 will be covered with these surveys.
The Company has received 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.
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