Exploration Starts at Unexplored WA Frontier Desert Project
Perth, Sep 8, 2016 AEST (ABN Newswire) - Strategic Elements (
ASX:SOR) is pleased to report that 100% owned Maria Resources in collaboration with Dr Franco Pirajno has conducted a logistics program to its unexplored permit (without native title) in the deserts of the Officer Basin, Western Australia.
The last major discovery made in Western Australia was the Nova Nickel deposit by Sirius Resources. Prior to their discovery their AGM presentation noted, "several soil anomalies requiring follow up". It is significant that prior to their nickel discovery, few explorers had thought of targeting the Fraser Range for a magmatic nickel sulphide deposit, an overseas style of deposit known in Canada, but never before seen in Australia.
The Company and Dr Pirajno believe that focusing on a combination of unexplored frontier areas with deposit models more commonly found overseas may provide opportunities for making a significant new discovery in Western Australia.
The 54,000km2 of desert surrounding the Officer Project is virtually unexplored with only four companies ever having been active in the area.
The wider Officer Project contains over 700km2 of permits in frontier terrain where the Company will be the first explorer into the ground. The team is initially focused on a copper-silver-cobalt model more commonly found in Europe called "Kupfershiefer". However, it is important to note that the area was last mapped by the WA government in the 1970's and the potential for other styles of mineralisation exists.
A report from this program including geological observations will be released when received by the Company within the next few weeks. The Company is planning to follow up the 190km of totally unexplored outcrop identified by Geoscience Australia with low cost surface sampling.
About Strategic Elements Ltd
Strategic Elements (ASX:SOR) shares are listed on the Australian Stock Exchange under the code “SOR”. The Company is registered under the Pooled Development Program run by the Australian Federal Government to encourage investment into SME’s. To assist Pooled Development Fund’s to invest and raise capital, the Federal Government enables most shareholders in a Pooled Development Fund to make capital gains and receive dividends tax-free.
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