Intra Energy Corporation Limited (ASX: IEC) has announced the discovery of a substantial gold anomaly at its Maggie Hays Hill project, following recent soil sampling assays.
The new data highlights a 700-metre-long and up to 170-metre-wide gold anomaly, with gold concentrations ranging from 15 to 85 parts per billion (ppb).
Managing Director Ben Dunn commented: “We are rapidly advancing the Maggie Hays Hill project to drilling. The new soil results have defined a strong gold anomaly along a mineralised trend that extends another kilometre to the north.
“Coupled with the recent assay results from the central gold zone that confirmed historical trenching and drilling results (i.e., 2 metres at 11 g/t gold), we believe there is great potential for a gold discovery. The tenement also has multiple other anomalous gold targets generated from the recent soil sampling program that require follow-up.”
Key highlights:
- Gold Results: Soil sampling revealed gold concentrations from 15-85 ppb over a 700-metre-long and up to 170-metre-wide area.
- Upcoming Drilling: A 2,000-metre RC drill program is planned to test both gold and lithium targets.
- Heritage Survey: Rescheduled to mid-June due to weather delays, with drilling anticipated to commence in mid-July.
The recent infill soil sampling conducted in May delineated a significant gold anomaly spanning 700 metres in length and 100-170 metres in width.
The anomaly, characterised by gold values between 15 and 85 ppb, follows a sheared contact between basalt and ultramafic units, with quartz reefs in dilational jogs correlating with elevated gold results.
The company plans to test this target in the forthcoming drill program.
In other parts of the tenement, several point soil anomalies with gold values exceeding 20 ppb have been identified, primarily associated with contacts between mafic and ultramafic units.
These anomalies, along with quartz outcrops in dilational jogs, will be a focus of further exploration efforts.
In May, additional mapping and rock sampling at the southern end of the tenement identified several pegmatite outcrops dipping shallowly to the west.
Samples showed elevated levels of lithium, tantalum, niobium, and caesium, including one sample with 90 ppm lithium, 220 ppm niobium, 65 ppm tantalum, and 32 ppm caesium, and containing beryl crystals.
Drilling has been planned for this target as well.
The heritage survey for the Maggie Hays Hill project, initially delayed due to heavy rain, is now scheduled for mid-June.
The survey results are expected within three weeks, allowing track and drill pad preparation to begin, with drilling anticipated in mid-July.
The Maggie Hays Hill project, 80 per cent owned by IEC, is located adjacent to the Norseman-Hyden Road and the Maggie Hays and Emily Anne nickel mines.
The project spans NNW-trending, extensively faulted mafic and ultramafic rocks, bounded by younger granitic rocks, and is prospective for lithium, nickel, and gold.
