Field work by Strategic Elements on New Zealand’s west coast has marked the start of a wider program the company believes will lead to discoveries of large new precious metal sources.
During the next few months, the company will conduct field work across a number of west coast properties as well as the Mandamus rare metals project on the east coast.
Strategic Elements’ managing director Charles Murphy says, “An intense period of activity has started that will lead us strongly into the New Year. General market conditions are still tough, however we are positioning ourselves to take advantage of any rebound that may occur in the first quarter of 2012.”
The company’s field team has begun to comprehensively explore a geologically rich belt adjacent to the regional ‘Alpine Fault’ on the South Island. They will progressively commence work on each prospect until the end of January 2012.
The NZ government has funded a multi-million dollar airborne geophysical survey to provide information on what lays beneath the surface of the west coast. It is believed the region has considerable mineral potential, however much of the surface area contained within the project is covered by vegetation due to humidity and rainfall, and has thus remained underexplored.
Strategic Elements has also started a geochemical survey over a range of different prospects related to a belt of 10 separate granites adjacent to the Alpine Fault. The team is conducting stream pan concentrates and rock chip sampling from altered and contact zones to identify potential rare metals mineralization at areas including French Creek, Rangitoto and Bell Hill.
Charles Murphy says, “This is practically a virgin area untouched by modern exploration. It’s hard for Australian investors to comprehend that an area as geologically rich as this has never been investigated by geophysics.
“We are excited to have exclusive rights over such an area. Our project area warrants an aggressive exploration program and we will release ongoing results as we receive information from the geological team.”
Strategic Elements will also commence work on a new tin/tungsten project in Ireland in the coming weeks.