viewRafaella Resources Ltd

Rafaella Resources concludes geophysics survey at McCleery Project

Rafaella was admitted to the ASX on July 24, 2018 after raising $5 million.

New McCleery West Project near the McCleery Project
New McCleery West Project near the McCleery Project

Rafaella Resources Ltd (ASX: RFR) has completed the first airborne geophysics survey at its wholly-owned McCleery Project in the Yukon Territory, Canada.

The survey was carried out by a Canadian geological consulting firm and was flown from the nearby town of Teslin, Yukon.

The surveyed area at the McCleery Project consisted of 440-line kilometres with data processing and mapping done by the company’s in-house Canadian experienced geophysicists.

The McCleery project and mapped mineralisation

Rafaella is also in the final process of having the entire geochemistry history at the McCleery project compiled into one database, then mapped and modelled.

The geochemistry database will be integrated with the recently completed airborne geophysics data, and obvious and discrete anomalies will then be ranked and drilled.

The geochemistry data has never been compiled into one data set and or modelled and, interestingly, the immediate project area has never received any kind of geological survey.

As soon as these combined datasets are finalised and peer-reviewed the company will update the market.

Rafaella executive director Ashley Hood said: “We are pleased to have completed this survey ahead of schedule.

“Combined with the soon to be finalised the geochemistry data compilation, this makes it is a very exciting time for the company.

“An expert technical team is combining these data sets and we are optimistic that the airborne VTEM signatures will line up within proximity to mapped surface geochemistry and that decent drilling targets will be generated.

“We look forward to the informing the market of the results of this research, the most comprehensive ever executed at this project.”

Quick facts: Rafaella Resources Ltd

Price: 0.125 AUD

Market: ASX
Market Cap: $11.32 m

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