Uncategorized
Greentech picks up new base metals prospect south of Whundo
Special Report: Greentech Metals has made a strategic acquisition in the 16km2 Bertram prospect which is prospective for battery metals … Read More
The…
Greentech Metals has made a strategic acquisition in the 16km2 Bertram prospect which is prospective for battery metals and sits just 3km southwest of the company’s Whundo copper mine – and immediately adjacent to the Whundo mining lease – in WA.
Early exploration in the 1960s combined with exploration 2008 and 2009 has flagged the potential for massive sulphide mineralisation associated with thin ultramafic horizons.
Plus, a VTEM survey was conducted over the area which resulted in the identification of four conductors proximal to the limited historic drilling.
Subsequent drill testing of these targets reported shallow, fresh, massive and stringer nickel and copper sulphides – and Greentech (ASX:GRE) is confident Bertram has the potential to host significant nickel mineralisation.
‘World class’ potential
Similar systems and deposits are found in the world class Kambalda nickel belt and at the company’s Ruth Well project north of Bertram.
“It is significant, and perhaps no coincidence, that the Orpheus Supersuite which is the host to the Ruth Well and Andover nickel deposits also occurs within the project tenement,” the company said.
“This is an important correlation despite the spatial separation of the deposits.”
Not to mention, historic drilling was focussed on approximately 1km of the 4.2km prospective strike.
Increased exploration activity in the West Pilbara
There is a lot of interest and activity in the West Pilbara province near GreenTech’s projects, and exploration expenditure in the area has increased dramatically by both Australian and international mining companies.
The focus is mainly on battery metals and gold exploration with a major $20m transaction recently announced by Azure Minerals (ASX:AZS) with Sociedad Quimica y Minera de Chile S.A (SQM), one of the world’s largest lithium companies, signifies the first major lithium exploration program in the West Pilbara.
“GreenTech is well positioned to take advantage of the increased interest in battery metals especially copper and lithium,” the company said.
“With a proven copper deposit at Whundo and multiple targets for other metals, the company will be considering further exploration across the battery metals suite, with copper, nickel and lithium being the main areas of focus.”
This article was developed in collaboration with Greentech Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post Greentech picks up new base metals prospect south of Whundo appeared first on Stockhead.
