Cervantes Corporation Ltd (ASX:CVS) has identified three high priority gold targets from a soil survey undertaken on specific target areas at the Albury Heath Gold Project in the Murchison Province of WA.
The areas were chosen from an interpretation of aeromagnetic data that highlighted similar magnetic settings to the Albury Heath Mine area.
Albury Heath Gold Project is located within trucking distance of possibly three toll-treatment gold mills
The mobile ion soil geochemistry survey has delineated three significant zones of gold, copper, and nickel anomalism.
The zones are intimately associated with the major roughly north-south trending fault that hosts major gold deposits between Mt Magnet, Tuckabianna, and beyond.
Interestingly, the Albury Heath area occurs where this fault is intersected with the Gabanintha Fault, another major gold-bearing structure.
Field checking and geological mapping with a view to reconnaissance drilling will be undertaken to prioritise the areas defined.
Cervantes executive chairman Collin Vost said: “The expansion of the Albury Heath Gold Mine resource through regional exploration has the potential to catapult the project to a “must have” resource for the three local mills.
“Cervantes is currently seeking funds to allow us to progress this area to drill testing”