Boadicea Resources identifies dome-like structure that may represent Tefler-style mineralisation at Paterson Province project

Boadicea Resources identifies dome-like structure that may represent Tefler-style mineralisation at Paterson Province project

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Boadicea Resources Ltd (ASX:BOA) has identified a dome-like feature that may represent a target for Telfer-style copper-gold mineralisation at the Koongulla project in Western Australia's Paterson Province. It is relatively shallower than expected with an initial estimation of 200 metres to 250 metres of cover. Recognition of the dome feature provides a key exploration target for copper-gold mineralisation like several other key deposits within the Paterson Province. These include: Newcrest’s (ASX:NCM) Telfer (32 million ounces gold, 1 million tonnes copper); Calibre and Magnum deposits (1.6 million ounces gold, 127,000 tonnes copper, 1.2 million ounces silver) – Antipa Minerals Ltd (ASX:AZY)/Rio Tinto Ltd (ASX:RIO) JV; and Minyari (551,000 ounces gold, 22,800 tonnes copper) - Antipa.  Five exploration targets have also been identified for copper-gold mineralisation within the Koongulla tenements through airborne geophysical survey interpretation. “Significant milestone” Managing director Jon Reynolds said: “This is a significant milestone for Boadicea to have identified an interpreted dome structure under relatively shallow depths at our Koongulla project. “This provides us strong confidence in the future exploration of the Koongulla project. “The Boadicea team is fast-tracking the next stages of exploration with a focus on the ‘Koongulla Dome’ and leading to the possibility of diamond drilling in late 2021 and early 2022.” Shares are up more than 4% to 24 cents. Airborne survey An airborne survey program consisted of 5,259-line kilometres of 100-metre spaced flight paths and was completed by GPX Surveys of Perth. Data analysis and initial modelling and interpretation was completed by the company's geophysical consultant Southern Geoscience Consultants (SGS). Next steps Boadicea is planning follow-up activities to test the Koongulla Dome structure for Telfer-style mineralisation initially with additional airborne geophysics planned to complete the survey across the dome feature within E45/5866. The company is also assessing the optimal way to complete the survey. Following successful completion of a heritage agreement and land access, a ground-based gravity survey will be planned over the dome feature leading to potential diamond drilling in Q4 2021 or early 2022. Tenement application As the Koongulla Dome feature partially sits outside the main Koongulla exploration licence (E45-5392), the company has also made a new exploration licence application to increase its total tenement area in the Paterson Province to 612 square kilometres. The Koongulla Project now consists of one granted licence and two applications. Boadicea is currently advancing discussions for a land access agreement with the Western Desert Lands Aboriginal Corporation which is the registered Native Title Body Corporate determined to hold native title rights and interests on trust for the Martu Native Title Holders.

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