Boadicea buoyed by progress of exploration partner IGO on Fraser Range tenements

Boadicea Resources (ASX:BOA) is encouraged by the continuing progress of exploration partner IGO Ltd on its tenements in the Fraser Range of Western Australia.

Proactive Investors reports that research and development (R&D) surveying is advancing within the Symons Hill tenement, with the goal of improving interpretation and understanding of the Orion chonolith for future diamond drilling.

IGO has completed electromagnetic surveying over 99 surface stations across three targets – North Emporer, Mahi West and Fletching – on the South Plumridge licence.

Interpretation of results from North Emperor and Mahi West should be completed in the current quarter, but Fletching has already been ruled out as a prospective target.

IGO is primarily focused on massive nickel sulphide mineralisation.

An exciting step

“Utilisation of IGO’s leading exploration skills and funding on Boadicea’s tenements continues to provide the highest potential for exploration success,” Boadicea Resources managing director Jon Reynolds said.

“The recent news of R&D exploration within Symons Hill provides an exciting step in the understanding of the Orion chonolith and improving target locations for future drilling programs, strengthening the success of exploration efforts.”

The Fraser Range update has seen BOA shares as much as 6.85% higher to A$0.235.

Future activities planned for the Transline and South Plumridge tenements include moving loop electromagnetic (MLEM) surveying and aircore drilling at:

• Ballast Eye (Transline North – E28/2849), an elliptical magnetic feature;
• Eggpie target (Transline South – E28/2866);
• Buckbeak Target (Transline West 1 – E28/2888 and Transline West 2 – E28/2895); and
• Beacon Target (South Plumridge – E28/2937).

Heritage negotiations for the Transline and South Plumridge tenements are underway with Native Title holders.

About Boadicea Resources

Boadicea Resources is a mineral exploration company targeting nickel, copper and gold in Australia.

The company has a total land holding of 1,735 square kilometres across 17 tenements including in some of Australia’s most prospective regions.

BOA’s Symons Hill, Transline and White Knight tenements in the Fraser Range are near major nickel discoveries in the region by IGO Ltd, Legend Mining and the Creasy Group, with Symons Hill just seven kilometres along strike from IGO’s Nova-Bollinger operations.