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Highlights:
LiDAR data uncovers promising antimony and gold prospects at Drake East.
Discovery of numerous historical workings boosts exploration efforts.
Further mapping and sampling will assess mineralization within the identified veins.
The Drake East project, located in northeast New South Wales, is being managed by Resolution Minerals (ASX:RML). This project focuses on antimony and gold exploration and is drawing attention due to recent advancements in exploration technology. The site, which has historical significance in antimony production, is poised for further exploration efforts to assess its mineral-rich potential.
LiDAR Technology Enhances Exploration Insights
Recent interim results from Light Detection and Ranging (LiDAR) surveys have brought promising insights to the Drake East project. LiDAR, an advanced survey method, has effectively identified numerous ground features associated with past mining activities, including pits, shafts, and adits. These features highlight areas of interest for future exploration, offering an in-depth look at the project's expansive mineral landscape.
Historical Workings and Mining Infrastructure
The application of LiDAR technology has uncovered a substantial number of historical workings across Drake East, with hundreds of features being identified across the project area. These include mining pits, shafts, and adits, all of which provide a deeper understanding of past exploration and mining efforts. Among the features uncovered, there are dozens of pits and shafts linked to previous antimony mining activities, with samples indicating high concentrations of valuable minerals, such as gold and antimony.
Adjacent Projects and Geological Context
Drake East is positioned near the Drake gold-copper project of Legacy Minerals (ASX:LGM), a significant neighboring development with its own extensive exploration and mineral system. The proximity to this large mineralized system adds further interest to the area, as the geology of the region may share similar characteristics that could lead to discoveries of new mineral resources.
Exploration Plans and Next Steps
The current focus of the project involves further mapping and sampling efforts to confirm the presence of mineralization within the identified veins. These next steps will be crucial in evaluating the full extent of the resources that may lie beneath the surface. The data gathered so far has been encouraging, with the discovery of a variety of historical workings offering valuable context for ongoing exploration work.
Anticipated Outcomes and Future Prospects
The discovery of additional historical features through LiDAR technology, spanning a significant strike length, marks a key development in the exploration of the Drake East site. As more data is processed and interpreted, there may be more findings that shed light on the region's mineral potential. The ongoing efforts at the site reflect a careful and thorough approach to exploring this promising mineral-rich area.
