Australia-based company Renascor Resources Limited (ASX: RNU) has reported to have identified multiple untested, shallow gold targets along-strike from its Soyuz prospect at the Carnding Gold Project in South Australia’s Central Gawler Craton.
Significantly, an induced polarization (IP) survey, which identified the new targets has confirmed an anomalous zone within a coincident geochemical and magnetic anomaly ~500m along-strike of the previous high-grade drilling at the prospect.
Renascor considers Soyuz and other prospects in the project area, to offer multiple drill-ready targets for near-surface, high-grade, granite-associated gold deposits.
Renascor is currently seeking approvals to commence drilling at Soyuz. The planned programs are expected to include drill testing of the existing gold zone at Soyuz, the IP anomaly and additional targets. The targets may be identified from upcoming infill soil sampling and ground geophysical surveys in the project area.
RNU stock traded at $0.014 on 28 August 2020 (at 11:57 AM AEST)