Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal - Seite 2

The high-resolution survey was designed to map the known gravity footprint of the existing Massive Sulphide Resource of Venda Nova at a much higher resolution than previous surveys, and then use the common characteristics to search for additional potential Massive Sulphide lenses within and surrounding the Venda Nova deposit. The results outlined here have identified four high priority exploration targets each with the potential to add additional meaningful tonnage to the existing Primary Massive Sulphide endowment. The results of the survey also validate the targets suggested by previous IP/Res and TDEM surveys. The location of these targets and the high-resolution gravity survey are summarized in Figure 1. below and described in more detail subsequently.

Foto: Accesswire

Figure 1 - Exploration Targets. Locations of targets is laid over Downward Continuity Bouguer gravity map (Downward Continued 60 m). Blocks from current MRE with densities above 3.5 g/cm3 are shown to highlight zones were the source of the anomalies is known.

Target Descriptions

Target 1: SW North Zone Target

SW of the North Zone the gravity anomaly bulges to the west of the southern half of the North Massive Sulphide ore body. According to the geophysical interpretation, based on upward and downward continuation of the Bouguer Gravity, the high-density mass sits deeper than the known ore deposits. Its center coincides with the projection of a notable volume that has chargeability and resistivity features identical to the known massive sulphides. The Company believes this can be explained geologically by a faulted displaced block of the known ore body or by a new lens occurring in the western limb of the north zone anticline. In both cases the potential massive sulphide source could extend for over 250 m along strike.

Foto: Accesswire

Target 2 & 3: South Sector West & East Flanks

The gravity anomaly in the Northern part of the South Zone is flanked by two discrete trends, i) The eastern flank is partially explained by two known semi massive Lenses (Pyritic) previously encountered by drilling, but suggests an extension to the north of the known area; and ii) the West Flank is untested and could represent an additional massive sulphide lens in the footwall of the south Zone trend up dip from the Stockwork mineralization. Interestingly, this Gravity anomaly sits above some of the higher-grade Copper and less transpositional mineralization intercepted at depth as part of the previous infill campaign. This may suggest the potential to have a more copper rich massive sulphide lens in this area.