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Arcadia Minerals Ltd (ASX:AM7) commences exploration at Kum-Kum Ni-Cu-PGM Project

Summary

  • Arcadia has commenced exploration activities at the Kum-Kum Nickel, Copper and PGM Sulphide project.
  • AM7 plans to conduct a large, fixed loop Time Domain Electromagnetic (TDEM) geophysical survey at the Tantalite Valley Complex.
  • The company would be announcing a contractor for the survey soon. The survey will target to delineate massive and semi-massive Ni-Cu-PGE sulphides at the project.

Diversified metals exploration company Arcadia Minerals Ltd (ASX:AM7) announced the commencement of exploration activities at the 80% owned Kum-Kum Nickel, Copper and PGM Sulphide project.

The exploration activities have been recognised as an essential service in Namibia and enables Arcadia to commence and undertake these activities despite Covid-19 restrictions.

Kum-Kum Project Source: Arcadia Minerals Announcement 23 July 2021

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Mineral Systems Approach (MSA)

AM7’s subsidiary, Orange River Pegmatite (Pty) Ltd (ORP), has engaged a renowned industry expert, Dr. Bjorn van der Huyden from the University of Stellenbosch, to conduct a Mineral Systems Approach (MSA) by assessing evidence of geological processes for the formation and preservation of massive sulphide ore deposits.

The MSA along with hyperspectral domaining, will help in refining litho-geochemical sampling program and field mapping campaign on the Tantalite Valley Complex to interpret and understand the Tantalite Valley Complex prior to the costly intrusive exploration programs are undertaken.

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Large Time Domain Electromagnetic (TDEM) survey at the Tantalite Valley Complex

Furthermore, AM7 plans to conduct a large, fixed loop Time Domain Electromagnetic (TDEM) geophysical survey at the Tantalite Valley Complex. The survey is still in conceptual stage and is being planned along with Geophysical experts.

The company would be announcing a contractor for the survey soon. The survey will target to delineate massive and semi-massive Ni-Cu-PGE sulphides located on the contact between Tantalite Valley’s Mafic-Ultramafic rocks and the ortho-gneiss country rocks in the surrounding.

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Twelve lines of 1.5km length each will be surveyed per loop. The survey will identify and define geophysical anomalies delineating massive sulphide bodies. If the survey succeeds to meet the expectations, the anomalies will then be drill tested for mineralisation.

Kum-Kum Nickel, Copper and PGM Sulphide project: An Ace in the making

 

The Kum-Kum project area encompasses two Exclusive Prospecting Licences namely, EPL 6940 and EPL 7295, and the Tantalite Valley Igneous Complex mafic and ultramafic mineralisation area that is a part of the third prospecting licence EPL 5047, west of the Kum-Kum Intrusions.

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AM7’s subsidiary, ORP, owns all 3 EPLs. In 1970s, the regional scale exploration program undertaken by Rio Tinto Exploration Ltd and Falconbridge Ltd showcased that the Kum-Kum Suite hosts substantial contact and disseminated type Ni-Cu sulphide mineralisation as pyrrhotite, chalcopyrite, pentlandite and pyrites. Rio Tinto and Falconbridge had recorded Ni and Cu grades between 0.21 – 0.58 % Ni and 0.30 – 0.50 % Cu in the mineralised drill hole intersections with the thickness of up to 30m.

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Arcadia Minerals shares were trading at AU$0.17 a share on 23 July 2021 at 11:45 AM AEST with a market capitalisation of AU$14.96 million.

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