• 5,000m infill and extensional aircore drilling program commences along strike from Vulcan Prospect in Narracoota volcanics.
• Enterprise commences search for sediment hosted (Sedex style) massive sulphide copper deposits along Southern Boundary Fault.
• GSWA & CSIRO’s Spectrem2000 Airborne Electromagnetic (AEM) Time Domain Bryah Basin survey identifies 6 bedrock conductors (potential massive sulphides) rated “Excellent” within and along southern boundary of Doolgunna Graben.
• 4,000m regional aircore drilling program planned to test regolith above magnetic and Spectrem2000 AEM targets and copper-in-soil anomalies associated with the Southern Boundary Fault.
Fraser Range Project: HeliTEM Survey Commenced
• Heli-borne geophysical survey commenced 3rd April over Enterprise’s 100% owned Fraser Range (WA) tenements.
Enterprise Metals announces that Fugro Surveys has commenced a 1,400 line km HeliTEM survey over parts of the project area to accelerate the Company’s search for massive Ni/Cu sulphides. The HeliTEM survey is designed to cover areas of anomalous soil geochemistry, several identified magnetic targets and some areas where soil sampling may be ineffective. The Fugro HeliTEM system is considered to be the most powerful helicopter time-domain electromagnetic system in the world.
Ground follow up (including prospecting and mapping) of the previously reported soil geochemicaltargets and any HeliTEM targets identified will commence in mid April following the completion of the airborne survey. It is expected that targets will be followed up with ground IP or EM, and subsequently drill tested in May/June 2013 following heritage surveys and Department of Mines and Petroleum approvals.
ENT playing the nearology card with SIR, as they have done with SFR in the past. SIR’s Nova is some 40km north of ENT land.
This is not to rule out the chance their tenement is prospective, but the market says otherwise in determining ENT’s SP at the moment at 12.5c (MC – $27m).
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