(MENAFN - ProactiveInvestors - Australia) AAQ Holdings (ASX:AAQ) has hit the ground running, commencing an airborne electromagnetic survey over its newly acquired Plumridge Project within the Albany-Fraser Orogen.
Investors may recall a VTEM survey was instrumental, as well as geochemical sampling, in Sirius Resources pinpointing drill targets that unearthed the nickel/copper Nova discovery in the Albany Fraser belt.
Identified anomalies will be targeted via a subsequent drilling program.
Primary focus of the 1,400 line helicopter survey is the known magnetic signatures and the interpreted mafic/ultramafic sequences of the eastern tenements to test for potential sulphide bodies.
AAQ's project is also located 90km south of the Tropicana Gold Project.
Following the VTEM-max survey, and receipt of the final data, processing and interpretation of the VTEM data will be undertaken to highlight conductive features of interest.
An integrated interpretation building on all available geological data, drilling results, gravity and magnetic data, together with the VTEM data will be used to define exploration targets.
Depending on the size, interpreted depth and character of the anomalies identified, follow-up work, either ground EM to refine targets or direct drill testing will be undertaken.
Background on VTEM-Max
VTEM-max is a survey technique that uses a helicopter borne 35m loop to generate a powerful signal for exploring to depths of up to 300m (dependant on the host rocks).
VTEM-max is widely considered one of the better airborne EM systems. The VTEM data will provide increased knowledge of geological structures assisting in the targeting of gold exploration.
The technique is useful in exploring for conductive anomalies, such as generated by bodies of nickel and copper sulphide mineralisation.