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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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This article includes content from Belararox Limited, 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.
BRX:AU
High grade Massive Sulphide Intercepts Confirmed at Oval
HIGHLIGHTS:
- OVD027 confirms the continution of high grade massive sulphide from OVD0211 with an intercept of 6.1 metres of 4.16% Cu, 3.51% Ni, 0.G3g/t E3, and 0.13% Co from G8.2 metres encountered between broader high grade zones of:
- A dense disseminated intercept - 26.2 metres of 0.44% Cu, 0.52% Ni, 0.12g/t E3, and 0.03% Co from 72.0 metres and
- A net textured intercept - 15.3 metres of 1.15% Cu, 0.79% Ni, 0.35g/t E3, and 0.04% Co from 104.3 metres;
- A high grade broad intersection is confirmed at the central part of the Oval area by OVD026. It includes a massive sulphide intercept in hole OVD026 of 1.8 metres of 3.21% Cu, 3.32% Ni, 0.6Gg/t E3, and 0.14% Co from 105.0 metres within broader mineralisation of:
- 19.8 metres of 1.23% Cu, 0.98% Ni, 0.36g/t E3, and 0.05% Co from 91.2 metres.
OVD026 is located 100 metres northwest of the previously announced 8.8 metres of massive sulphide identified in drillhole OVD021.
On completion of the Phase 2 exploration work and receipt of all assays, Managing Director Gan-Ochir Zunduisuren, commented:“The 2024 Phase 1 and 2 drilling and exploration programs have confirmed the broad presence of high-grade mineralisation in the Oval gabbroic intrusion. The grades intercepted in some of the drillholes are exceptional and may be indicative of broader potential over a larger area, given Oval is a greenfields discovery.
The 2025 exploration program will focus on obtaining information on the size/metal content potential of the Oval Cu-Ni-PGE mineral system as well as targeting the possible deeper magmatic sources at Oval. Broader exploration is also planned at potential extensions of Oval and nearby look-a-like prospects. We look forward to updating shareholders on progress, with drilling expected to commence in around 8 weeks”.
Summary of Phase 2 exploration drilling at Oval Cu-Ni-PGE project
The Company’s recent drilling work has predominantly focused on finding high-grade mineralisation in the olivine-amphibole gabbro at the Oval project. The multiple intercepts of massive sulphide mineralisation with different ratios of metal contents throughout the Oval gabbroic intrusion is highly encouraging for the presence of one or more deeper sources of high grade mineralisation in the opinion of ABM.
Figure 1. Plan view of drillhole locations on high resolution magnetics map (RTP)
Drillhole OVD02c
Drillhole OVD026 was designed to test the Down-Hole Electromagnetic (DHEM) conductor plate identified as OVD007_L2_B (reinterpretation of OVD007_L2_A2 by Southern Geoscience Consultants), which exhibits a conductance of 1,000 siemens. The drilling intersected a total of 1G.8 metres of mineralisation with 1.23% Cu, 0.G8% Ni, 0.36g/t E3, and 0.05% Co from G1.2 metres including;
- 4.8 metres of @ 0.45% Cu, 0.43% of Ni, 0.14g/t E3, and 0.02% Co of dense disseminated mineralised gabbro from 91.2 metres,
- 6.6 metres of @ 1.56% Cu, 0.G0% Ni, 0.50g/t E3, and 0.04% Co of net textured mineralisation from G6.0 metres,
- 2.4 metres of @ 1.52% Cu, 1.3G% Ni, 0.43g/t E3, and 0.07% Co of semi massive sulphide mineralisation from 102.6 metres,
- 1.8 metres of @ 3.21% Cu, 3.32% Ni, 0.6Gg/t E3, and 0.14% Co of massive sulphide mineralisation from 105.0 metres, and
- 4.2 metres of @ 0.57% Cu, 0.45% of Ni, 0.21g/t E3, and 0.02% Co of dense disseminated mineralised gabbro from 106.9 metres (Table 1 provides a detailed breakdown of mineralisation intervals).
OVD026 is located in the Oval area, which is approximately 100 metres northwest of the previous intersection identified in drillhole OVD0213. This intercept may represent an extension of the known massive sulphide mineralisation in the Oval area and highlights the potential for further expansion of massive sulphide zones within the broader prospect area (Figures 1 and 3).
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This article includes content from Asian Battery Metals PLC, 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.
