Intra Energy Corporation completes RC drilling at Maggie Hays Hill

08/01/24 • 6 min

Intra Energy Corporation Ltd (ASX: IEC) managing director Ben Dunn joins Jonathan Jackson the Proactive studio to discuss the conclusion of reverse circulation (RC) drilling at its high-priority Maggie Hays Hill (MHH) Project in the Lake Johnston Greenstone Belt, Western Australia. The project includes a 2.5-kilometre southern pegmatite lithium target and central and northern gold targets. The drilling program covered 1,960 metres, with 1,300 metres testing lithium targets and 660 metres for gold targets. The lithium drilling, focused on the southern pegmatite target, addressed a significant soil and outcrop anomaly similar to TG Metals Ltd's Burmeister spodumene discovery. Thirteen holes were drilled across 1,300 metres, intersecting multiple pegmatites over a 2-kilometre strike length, with combined intervals up to 19 metres in some holes. Gold target drilling, covering 660 metres, intersected quartz veins in several holes near previous gold mineralisation sites. Drill samples have been sent to the laboratory, with results expected in early September. The campaign has been described as a "resounding success", with Dunn expressing satisfaction with the initial geological reports and the extent of pegmatite and quartz findings, indicating that assay results are highly anticipated in early September. #ProactiveInvestors #IEC #MaggieHaysHill #Lithium #Gold #Mining #Drilling #WesternAustralia #GreenstoneBelt #Exploration #RCDrilling #Pegmatite #QuartzVeins #MiningNews #ASX #Geology #ResourceDevelopment #MineralExploration #Investing #MiningIndustry #FieldReports #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Previous Episode

Elixir Energy resumes Daydream-2 Operations

Elixir Energy Ltd (ASX:EXR) managing director Neil Young joins Proactive’s Jonathan Jackson to provide an update on the Daydream-2 program in its 100%-owned Grandis Project located in Queensland’s Taroom Trough. On-site operations for the Daydream-2 stimulation and testing program have resumed with the return of Elixir’s contracting staff to the well-site. Preparations are underway for the arrival of the coil tubing unit (CTU), which was recently imported from New Zealand to conduct work for both Elixir and its neighbouring Operator. During these preparations, the pressure at the Daydream-2 wellhead was measured at 3,410 psi, despite the presence of a full column of saline water in the hole. This high pressure, though safely contained behind two barriers and not posing any immediate issues, was unexpected. The high wellhead pressure may be attributed to a leaking temporary plug separating the high pressure Lorelle sandstone from the wellbore and/or to perforations above the Lorelle sandstone, which were assessed as low-quality siltstones during a recent blockage removal, potentially contributing high pressure gas. The upcoming program will seek to clarify this issue as Elixir plans to flow test the Lorelle sandstone and stimulate other zones higher in the well. Young highlighted the potential of the Taroom Trough for significant gas contributions from its extensive sedimentary sections. #ProactiveInvestors #ElixirEnergy #ASX #Daydream2, #GrandisProject, #TaroomTrough, #QueenslandGas, #EnergyUpdate, #WellheadPressure, #GasExploration, #EnergySector, #NeilYoung, #CTUArrival, #WellStimulation, #LorelleSandstone, #GasTesting, #OilAndGas, #ExplorationUpdate, #EnergyNews, #HighPressure, #WellOperations, #ResourcePotential #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Next Episode

Magmatic Resources confirms copper potential over 6 kilometres at Black Ridge

Magmatic Resources Ltd (ASX:MAG) managing director Adam McKinnon joins Jonathan Jackson in the Proactive studio after sampling confirmed copper potential over a 6 kilometre trend at the Black Ridge prospect of ther Parkes Project. Strong results have been returned from recent rock chip sampling along the trend, including up to 6.5% copper from minor unnamed workings at the southern end of the trend. This work is part of the company's increased exploration activities across its East Lachlan projects, following a Farm-in and JV Agreement at the Myall Project with Fortescue and successful placements in March and May 2024. Black Ridge prospect, 15 kilometres southeast of the Northparkes Copper-Gold Mine, displays surface copper-gold-silver anomalism over a six-kilometre zone parallel to the Parkes Thrust. Historic small-scale workings and outcropping copper mineralisation characterise the area, which has shown promising rock chip sampling results. Despite these findings, the trend remains largely untested below the surface, with only three closely spaced RC holes drilled previously. Further work at Black Ridge includes mapping, soil sampling, rock chip sampling and a 23 line-kilometre induced polarisation (IP) survey starting in August to identify priority drill targets. Magmatic is well-positioned to accelerate exploration efforts at Parkes with funding secured through the Fortescue JV and $6.34 million cash at hand at the end of the last quarter. #ProactiveInvestors #MagmaticResources #ASX #ParkesProject #ExplorationUpdate #CopperGold #BlackRidge #NorthparkesMine #GeophysicalSurvey #MineralExploration #RockChipSampling #InducedPolarisation #MyallProject #FortescueJV #Mining #ResourceDevelopment #MineralProspecting #CopperAnomalism #GeologicalSurvey #MiningNews #ExplorationEfforts #ResourceSector #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews