Lycaon prepares Arunta ground for Stansmore target drilling

The West Australian11-18

Lycaon Resources has begun access-track and drill-pad earthworks for its maiden assault on the company’s Stansmore niobium-rare earths and iron-oxide copper-gold target in WA’s West Arunta region.The ...

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We are eager to get drilling underway in the coming week, as we become the first ever explorer to drill the Stansmore magnetic anomaly below the thin cover of sand. We aim to emulate the success of WA1 in making a major discovery in the West Arunta region and are encouraged by the recent further geophysical modelling completed by industry expert Terry Hoschke which shows the Stansmore magnetic anomaly as a pipelike body 500m in diameter. Lycaon Resource’s technical director Thomas LangleyThe company’s maiden drilling is designed to hit the discrete Stansmore target as a priority in a bid to grasp what sort of rocks lurk below the desert sands and its intriguing magnetic signature.Stansmore is by no means a trivial target with magnetics data highlighting a 500m wide anomaly, while depth slices of the magnetic anomalism show it to persist to at least 525m depth.The nearby Volt and Ion target duo could also represent a combination made up of a 1km-scale target with a smaller apophysis on its margin which together might comprise a 3km-wide target.Magnetic slices between 225m and 525m depth depict the duo as a fragmented ring-structure at depth with possibly two feeder pipes, but whatever any of these bodies are, the only resolution will be found by drilling.The Stansmore project has only been subject to limited previous exploration, although the broader area has received limited attention directed towards gold, copper and diamonds.BHP Minerals Limited completed six shallow rotary air-blast (RAB) drillholes over the Stansmore magnetic anomaly in 1983 when it was exploring for diamonds.Its drilling of the Stansmore anomaly involved five drillholes to a maximum depth of 12m, intersecting rocks described as “ultrabasic - possibly pyroxenite” and “sericitic- altered claystone”.Plainly, with the magnetic anomaly being estimated to lie at a depth of about 150m, the open-hole RAB method favoured at the time lacked the depth capability – and the desirable sample integrity - and could only serve as a basic geochemical near-surface stab in the dark.But encouragingly, while BHP’s drilling did not come up with any indications of potential diamond host rocks such as kimberlites or lamproites, it was able to show that surface cover is relatively thin over the target area.Lycaon draws strength from the knowledge that both WA1 Resources and Encounter Resources were both big first-order geophysical anomalies identified which had never been drilled and yet both have since come up with niobium and rare-earths mineralised carbonatites in their first rounds of drilling.Additionally, Lycaon cite the examples of other significant discoveries such as the eight-million ounce Havieron gold-copper deposit in the Paterson province in the East Pilbara and Australia’s major Ernst Henry copper gold mine, both of which were discovered in terrain of Proterozoic age.If Lycaon can pull a similar result from drilling at Stansmore out of the hat, the result will further reinforce the still mostly-untested prospectivity of the Arunta.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484649534"}