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Belararox Limited (ASX:BRX) (“Belararox” or “the Company”), an advanced mineral explorer focused on high- value clean energy metals, is pleased to provide updates regarding the Company’s TMT Project in Argentina.
Key Highlights
- Belararox’s Exploration Director, Jason Ward and Exploration Manager Arturo Guardiola recently visited the TMT Project and commenced early exploration activities.
- The earthworks to facilitate access track repair at the Toro-Malambo-Tambo (“TMT”) Project in Argentina has progressed in line with the Company’s plans.
- The main access track to the Project's campsite has been successfully repaired to accommodate light vehicles, allowing access from the south into the Toro tenement.
- Three (3) additional EIAs have recently been approved. Six (6) EIAs have been approved to date with another three (3) remaining in evaluation.
The Company’s Exploration Director and Manager, Jason Ward, and Exploration Manager Arturo Guardiola, recently visited the TMT Project to assess and facilitate the establishment of the Argentine Exploration Operations.
The principal access track has been repaired, enabling light vehicle to transit up to the campsite located in the Toro tenement. The track is now being upgraded to accommodate heavy vehicles. Upon completion, it will allow the arrival of larger vehicles carrying equipment and supplies, paving the way for the Toro campsite's refurbishment.
Once the Toro campsite is refurbished, it will act as the principal campsite for the TMT project and will facilitate exploration activities reaching full scale.
A further three (3) of the nine (9) recently submitted Environmental Impact Assessments (EIAs) have been approved this month. A total of six (6) EIAs have now been approved to date with the final three (3) currently under evaluation.
Exploration Director, Jason Ward, commented:
"The groundwork and other recent developments represent careful planning and execution for the TMT Project. The Toro Campsite refurbishment will allow multiple field teams to deploy at the TMT Project. The deployed field teams will be overseen by experienced Geologists who have contributed to a number of copper/gold porphyry discoveries and Mineral Resource Estimates in South America."
Managing Director, Arvind Misra, commented:
“The improvements at the TMT Project in Argentina align with our schedule and key objectives. Our recent progress at the TMT Project underscores our firm commitment to improving infrastructure and driving forward the environmental assessment process both of which are crucial milestones in our path towards successful exploration and expansion.”
Exploration Manager Site Visit
The Company’s Exploration Director, Jason Ward, and Exploration Manager, Arturo Guardiola, recently visited the TMT Project to assess and facilitate the establishment of the Argentine Operations. Both were satisfied with their visit to the TMT site, confirming its favourable geological features, assessing the state of the infrastructure, and noting the swift progress in restoring the campsite and access tracks.
Figure 1: Jason Ward and Arturo Guardiola visiting TMT project.
Figure 2: Assessing the conditions of the existing infrastructure, which is ready to be rapidly refurbished.
Figure 3: Jason Ward inspecting surface rock units at the TMT Project.
Earthworks
Approximately 50 km of access track has been repaired leading to the TMT Project’s historical campsite located within the Toro Tenement (Figure 4). The access track has been sufficiently repaired to allow site access for light vehicles, however, certain sections of the track are currently undergoing additional remediation to permit access to trucks with heavy loads (Figure 5, and Figure 6).
The repair of the access track to the TMT project now allows access to the campsite for the refurbishment to progress. Once the campsite is reinstated the environmental baseline can be completed and various exploration activities can progress in a planned fashion across the eleven (11) targets at the TMT Project.
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BRX:AU
Unconformity Uranium Drill Targets Identified from 2024 Geophysical Data
Key Highlights
- Final data received and interpretation completed for the ground electromagnetic geophysical surveys from the winter 2024 program at the Marshall and North Millennium projects.
- Several conductive anomalies identified at Marshall, located above and below the unconformity, consistent with regional exploration model.
- Stacked anomalies concurrently with multigenerational geophysical data provides a base to assess the exploration targets and refine drillhole targets.
- The projects are located 15 kilometres from the majority Cameco owned Millennium deposit, and just 40km from the world class McArthur River mine.
- Basin remains funded for the next round of field exploration.
The ground electromagnetic successfully identified 3 main targets which confirms the geological and exploration model. Of note is Target 1 (Figure 1), where modelled EM plates below the unconformity align with a sandstone ZTEM anomaly, which is interpreted to be alteration within sandstone. The identification of these targets is encouraging and consistent with regional trends in the southeastern Athabasca and provides increased confidence in drill hole targeting. Basin is currently reviewing options and priorities of how to progress exploration of these confirmed targets.
Basin’s Managing Director, Pete Moorhouse, commented:
“Conducting ground geophysical surveys on Marshall and North Millennium was a milestone in advancing these underexplored projects in Basin’s uranium portfolio. The form of these anomalies is highly encouraging given the proximity to some of the world’s largest uranium deposits.”
Key results
Following the encouraging conductive anomalism highlighted by the 2023 3D inversion of two historic airborne Electromagnetics (Z‐Tipper Axis) (“ZTEM”) datasets partially covering the current North Millennium and Marshall projects3,4, Basin contracted Discovery International Geophysics5 to carry out ground Stepwise Moving Loop Transient Electromagnetic (‘Ground EM’) surveys on areas of immediate interest within the Projects.
Figure 1 Three main anomalies shown from 2024 ground EM, in plan view (top diagrams) and cross- section looking northeast (bottom diagram). The ground EM anomalies are displayed with the modelled plates against the historical ZTEM data.
The 2024 Ground EM survey data returned six conductive anomaly picks producing three main target areas (Figure 1). The anomalies correlate strongly with the southern edge of the circular ZTEM conductive anomaly at Marshall and the interpreted northern edge of the circular anomaly identified in the historic data. A weaker EM pick was also interpreted centred between the two prominent ZTEM conductivity anomalies.
Three-dimensional modelling using Maxwell produced six electromagnetic conductive plates within the basement stratigraphy, all below the unconformity (Figure 1). The two southeastern plates are clearly aligning with a conductive sandstone ZTEM anomaly identified from the historic data, which is above the interpreted unconformity. This is interpreted as potential basal sandstone alteration proximal to the EM anomalies and constitutes a high-priority drill target area, refer figure 2.
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Airborne EM over Multiple Targets on Ti-Tree Project
- Augustus Minerals has contracted UTS Geophysics to conduct a VTEM Max survey over several Copper, Cu-Ni-PGE, Zn-Pb-Ag and Uranium targets along the money Intrusion and within proximity of the prospective 85k long Ti-Tree Shear.
- The surveys will cover:
- The Money Intrusion, prospective for Cu-Ni-PGE mineralisation.
- Copper Ridge and Nics Bore over anomalous Copper Drilling results
- The Coo Creek prospect where drilling by Augustus in 2023 identified strongly anomalous Zn-Pb-Ag mineralisation.
- The Munaballya Well North area which shows potential for economic Uranium mineralisation.
- The surveys will help to advance the untapped potential of the Ti-Tree project to host economic mineralisation of multiple commodities.
Andrew Ford, GM Exploration
“The VTEM survey will provide key targeting data over three highly prospective and different prospects with potential for multiple commodities. Whilst the high prospectivity for copper mineralisation has been well documented, the addition of uranium and Broken Hill base metal style mineralisation highlights the quality of the underexplored Ti-Tree project”.
VTEM
UTS Geophysics has been engaged to conduct a helicopter borne VTEM Max survey comprising 646-line km over three separate survey areas. The system is excellent for locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity which helps map structure, alteration and rock type. The system also collects magnetic data through a caesium magnetometer. The transmitter/receiver loop is suspended on a cable approximately 40m below the helicopter (Figure 1).
Figure 1 VTEM Max helicopter deployed electromagnetic survey arrangement.
Figure 2 Prospects and VTEM Survey areas.
Money Intrusion
The Money Intrusion, which has proven potential to host Ni-Cu-Co-PGE (platinum group elements), is part of the regional Mundine Well Dolerite Suite, a regionally extensive dolerite (strike length >80km). This extensive mafic intrusion, which is comprised of a variety of lithologies, including gabbro in the core, olivine dolerite on the chilled lower contact or keel and fine-grained dolerite on the outer edges. Mapping, aeromagnetics and multi-spectral imagery show that the Money Intrusion within the Ti-Tree Project covers a strike length greater than 16km, reaching widths >600m in the north of E09/23241.
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Latest Kameelburg Assays Up To 10.38% Nb2o5 and 9.89% TREO
Highlights
- A total of 74 highly prospective rock samples recently collected from various beforsite and mafic dykes
- Most notable assays reveal up to 10.38% Nb2O5 and 9.89% TREO
- Large scale geological mapping of Kameelberg carbonatite is nearing completion
- Track access clearance & preparation for underground water supplies underway for upcoming maiden diamond drilling programme
Results from recently collected seventy-four (74) samples were received and highlighted the REE rich nature of the carbonatite with TREO(+Y) assays ranging from 1.16 to 9.89%, refer to Figure 1 for samples locations and Table 1 for results.
Figure 1: Southern Carbonatite Margin Geological mapping area with rock chip samples
Niobium Results Along Mafic Dykes
In addition to sampling the carbonatite plug, a further four (4) samples were collected across the Nb dyke zone on the southwest flank of the carbonatite. Results for these samples ranged from 5.44% to 10.38% Nb2O5. This provides additional confidence to previous niobium findings (see announcements dated 28 February 2024 and 27 December 2023). Table 2 compiles the Nb results with Figure 2 depicting recent sample locations in relation to the previous Nb2O5 results.
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This article includes content from Aldoro 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.