Sheffield Resources announced the commencement of field work at its Red Bull Nickel and Copper Project following grant of key exploration licence E69/3052.
The Red Bull project is located within 20 kilometers of Sirius Resources NL’s recent Nova nickel and copper discovery in the newly identified Fraser Range Nickel Province in Western Australia.
The immediate focus of field work will be four high order EM anomalies identified from the recently completed VTEM airborne electromagnetic survey, three of which show correlation with magnetic anomalies which together are a strong indicator of mineralized systems.
Subsequent to the initial VTEM survey, 100m infill VTEM lines were flown over the four high order EM anomalies to refine the primary targets. Outcomes from this work include:
1. Identification of an even stronger central section of the anomaly at RB_VA1;
2. The anomalism at RB_VA2 was confirmed over a longer strike length (700m) and
3. Confirmation of the more subtle / low amplitude anomaly RB_VA3.
In addition to the priority VTEM anomalies, the Company will also target an 8 kilometers long trend of anomalous Ni-Cu-Co mineralization identified from historic aircore drilling. There are also over ten second order VTEM anomalies to be followed up.
Soil sampling programs have commenced. The Company has scheduled ground based EM surveys in early Q1 2013 and it is expected that a program of aircore drilling will follow up the most promising targets from this work late in Q1 2013.
Mr Bruce McQuitty MD of Sheffield Resources said that “The grant of the tenement is timely for the commencement of field work following the promising VTEM results. The VTEM survey has generated high priority targets for immediate ground based follow up. Our review of historic aircore drill results has also generated several promising targets within an 8 kilometer strike trend of a prospective layered mafic-ultramafic intrusion. Our exploration will focus on the discovery of Nova-style deposits within an exciting new nickel province where our initial results suggest some hallmarks commonly associated with significant mineralization.”