The exploration of the project, which covers a total area of 1,200 km², involves geological and geophysical data compilation in order to prioritize areas of interest and targets within the area.
Further geophysical surveys and geochemical sampling as well as Aircore and RC drilling will also be performed, as part of exploration, for prioritized targets with a view to verifying and extending Nickel Copper Sulphide mineralisation at Rocky Gully.
Earlier, PLD has signed a 12 month exclusive option agreement with Heron Resources and Third Reef, to acquire a minimum 90% of the Rocky Gully project, into two binding, by paying $50,000 cash signing fee and $280,000 cash/equity exercise fee.
The Rocky Gully Ni-Cu project aims for potential discovery of Ni-Cu sulphide deposits such as proterozoic rocks, coincident Ni-Cu soil anomalies, Ni-Cu sulphides identified from drilling, magnetic and EM anomalies, with walk up drill targets to progress exploration.
