Rafaella Resources Limited

Exploration Work Starts at Quebec Pgm-Ni-Cu Projects with Field Mapping Highlighting Positive Geology and Delineation of New, Deeper Em Plates

Rafaella Resources Limited (ASX:RFR) (‘Rafaella’ or the ‘Company’) is pleased to announce the results of its first field mapping program recently completed by Orix Geoscience, in conjunction with a desk-top review of existing data by SRK Exploration Services on its Canadian projects. This follows the acquisition of the Alotta and Lorraine PGM-Ni-Cu tenement packages (‘Alotta and Lorraine’) located adjacent to Rafaella’s existing Midrim and Laforce PGM-Ni-Cu projects (‘Midrim and Laforce’) in Quebec, Canada (together the ‘Belleterre-Angliers Project’). These programs will focus on high priority magmatic PGM-Ni-Cu mineralisation targets. Early indications suggest these targets lie deeper than those identified through historic exploration.


Highlights

  • Field site visit by Orix Geoscience has validated certain high priority targets and other geophysical anomalies in the Alotta and Midrim areas.
  • Preliminary geophysical work has reprioritised the exploration targets, focusing on those previously overlooked for lying greater than 300m in depth. 137 new and reclassified EM anomalies have been identified with 20 of these being classified as Priority 1 for further investigation.
  • The acquisition of the Alotta and Lorraine licences has delivered more underexplored targets to the existing asset portfolio. Lorraine, in particular, provides many targets which have been modelled and drill tested. Down hole geophysics has already identified off-hole conductors for priority follow-up work.
  • Confirmation of high-grade mineralisation within the magmatic system demonstrates a highly prospective geological environment with the potential to produce larger and deeper sulphide accumulations within the tenement portfolio.
  • Confirmation of high-grade mineralisation within the magmatic system demonstrates a highly prospective geological environment with the potential to produce larger and deeper sulphide accumulations within the tenement portfolio.

Managing Director Steven Turner said:“Exploration work in Canada on our exciting PGM- Ni-Cu Belleterre-Angliers Projects is ramping up with field mapping activity validating some of our existing high priority targets and desk top work continuing to reprocess historical data, generating new and highly attractive targets conforming to a new geological model. The Company’s geological model suggests the relatively small but high- grade gabbroic intrusions point to a broader intrusive complex that could host substantial massive and semi-massive sulphide accumulations.

The Company knows that the Belt is fertile with high tenor magmatic PGM-Ni-Cu deposits such as Midrim, Laforce and Alotta. Crucially however, the re-assessment and re- modelling of the underlying feeder zone is creating new excitement internally. We are looking forward to updating the market on the results of the next stage of our focussed high-impact programme.”

Enhanced Canadian Portfolio with Substantial Sulphide Mineralisation

The Company is operating under a geological targeting model that prospective gabbroic intrusions may be mineralised at various positions within and adjacent to the intrusive chonolithic conduit, with relatively small gabbroic intrusions hosting substantial massive and semi-massive sulphide accumulations.

The consolidated Rafaella portfolio consisting of the Midrim, Laforce, Alotta and Lorraine licences covers 157.4 km2 of the eastern part of the Belleterre-Angliers Greenstone Belt (‘BAGB’), located in the Abitibi-Pontiac Greenstone Sub-Province (Figure 1).

Figure 1. Regional Geology of the Belleterre Angliers Project, compiled by SRK ES.

Field Validation of Geophysical Anomalies

A field site visit was undertaken by Orix Geoscience in July 2022 to validate a number of targets defined by VTEM and IP geophysical anomalies in the Midrim and Alotta licence areas (Figure 2). Included in these were two priority 1 targets identified in a recent review undertaken by SRK Exploration in January 2022.

The MRB-01 target lies in the south-eastern portion of the Midrim licence which was defined around a moderate- strength near surface conductor identified in Rafaella’s 2021 VTEM survey. A Maxwell Plate model was generated for this target and a phased drill test program has been planned for the target in the next phase of drilling. No outcrop was observed at the locality, but it was confirmed that there were no obvious cultural sources for the EM anomaly and the target remains a priority.


Click here for the full ASX Release

This article includes content from Rafaella Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

RFR:AU
The Conversation (0)
Nickel-manganese-cobalt lithium-ion battery for an electric vehicle.

Nickel's Role in the Critical Energy Transition

The European Union, Canada, the US and Australia have all added nickel to their lists of critical minerals, deeming it essential for global sustainable energy and decarbonisation.

In spite of the resource's ubiquity and long history in multiple sectors, many investors know very little about it, overlooking the investment potential of this underhyped base metal.

Through an understanding of nickel's overall market as well as its industrial applications, role in electrification and position in the clean energy landscape, investors can position themselves to identify and leverage a range of promising opportunities.

Keep reading...Show less
Blackstone Minerals

Blackstone Update on Refinery Byproduct Offtake Strategy

Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) is pleased to announce an update to its recent refinery byproduct offtake MOU announcement.

Keep reading...Show less
Nordic Nickel

Substantial Increase in Hotinvaara Resource Establishes Pulju as Globally Significant Nickel Sulphide District

Updated in-situ Mineral Resource Estimate sees contained nickel metal increase to 862,800t, demonstrating scale and significance of the Pulju Project.

Nickel sulphide and battery metals explorer Nordic Nickel Limited (ASX: NNL; Nordic, or the Company) is pleased to announce an updated in-situ JORC (2012) Mineral Resource Estimate (MRE) for the Hotinvaara Prospect (Hotinvaara) at its flagship, 100%-owned Pulju Nickel Project (Pulju, or the Project) in Finland following an extensive drilling campaign in 2023.

Keep reading...Show less
Blackstone Minerals

Blackstone Receives R&D Refund and Firms Up Cash Position

Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) is pleased to announce that it has received A$4.25 million from the Australian Research and Development Tax Incentive Scheme for the 2023 financial year.

Keep reading...Show less
Blackstone Minerals

Australian Ambassador to Vietnam Visits Blackstone’s Projects

Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) is pleased to announce that His Excellency, Mr Andrew Goledzinowski, Australian Ambassador to Vietnam visited Son La Province and met with Son La Provincial Peoples Committee and toured the Company’s mining and refining projects (“Ta Khoa Project”) in Northern Vietnam to highlight the key role the Ta Khoa project plays in the global transition to net zero.

Keep reading...Show less

Latest Press Releases

Related News

×