Boadicea Resources Ltd (ASX:BOA) has applied for an additional tenement (E45/5818) as a result of the initial first pass high-level review of the Koongulla Project in Western Australia's Paterson Province
The company has a 95% interest in the Koongulla Project (EL45/5392) and will hold 100% of the new tenement, Koongulla North (EL45/5818).
“Exciting exploration region”
Boadicea managing director Jon Reynolds said: “The initial review for Koongulla was very encouraging given the series of regional-scale structures and trends apparent in the reprocessed and enhanced regional scale aeromagnetic, airborne electromagnetics and gravity data.
“Applying for the extra ground in the Paterson Province has the potential to take the overall holding to 488 square kilometres in one of the most exciting exploration regions in Australia.”
Initial high-level geophysical targeting has been expanded to incorporate this newly pegged tenement called Koongulla North which has a total area of 230 square kilometres.
A total of six target zones have now been identified for Koongulla.
Koongulla tenement on reprocessed aeromagnetics.
Exploration plans going forwards
New airborne magnetics surveys have been planned across both tenement areas and will be flown in November 2020.
A search and review of historical exploration data shows that there have been no on-ground exploration activities, as such, the company considers the project a pure greenfields exploration play.