Strategic Elements on the road for multi commodity discovery in New Zealand 

(MENAFN - ProactiveInvestors - Australia) Strategic Elements (ASX: SOR) is looking to make a multi commodity discovery on the South Island of New Zealand, and has been granted a prospecting permit.

Historical exploration reports from the 1980's confirm that Blue Mountain intrusion project contains economic grades of the rare metal cobalt, along with copper and nickel in veins of sulphides at surface.

Importantly, significant sulphide mineralization has been identified at both of these north-east coast intrusive complexes.

Despite this promise, no geophysical survey has ever been conducted to identify buried zones of sulphides with potential to host large scale deposits.

Strategic Elements will be the first to apply modern exploration technologies to both Mandamus and Blue Mountain in an effort to discover intrusion hosted mineralization.

Academic reports indicate that intrusions at the Blue Mountain Project and Mandamus Project are correlated geochemically and formed around the same time.

At both projects, magma intruded up through the earth's crust along the same zone of crustal weakness.

In 2012 the company substantially increased its portfolio of New Zealand based projects. Blue Mountain was the last remaining project awaiting grant by the New Zealand government.

An exploration program incorporating geophysics is planned to detect buried deposits of sulphides containing copper, nickel and cobalt at Blue Mountain.