Cyclone Metals Ltd (ASX:CLE) has commissioned a detailed gravity survey over one of the two tenements in the Yalardy area, Sebastian, east of Shark Bay in Western Australia.
The gravity survey will commence before the end of the month, and a regional geochemical survey is planned to start at the beginning of November 2021.
The company believes that the Sebastian gravity anomaly may represent the top of a geological intrusion, feasibly related to a carbonatite, which can contain considerable accumulations of rare earths (REEs), base metals, along with minerals such as iron, titanium and vanadium.
Carbonatites similar to Lynas Rare Earths Ltd’s world-class Mt Weld rare earths deposit, near Laverton, Western Australia, are considered prospective for copper, gold and REEs.
Measurements of gravity provide information about the densities of rocks underground.
Carbonatites are likely to be denser than the surrounding rocks, and accordingly, will provide a gravity response at the surface.
Future drilling program plan
The results of this survey will be used to evaluate a suitable future drilling program plan.
In addition, a comprehensive licence-wide regional geochemical survey with REEs, mineral sands and gold as principal objectives is being designed.
Gold tenements acquisition
In a separate development earlier this month, the company consolidated its landholding at the Nickol River Gold Project, adding two new exploration tenements to its portfolio in Western Australia’s famed Pilbara region.
The new acquisitions bolster Cyclone’s existing Nickol River landholding, where it is prospecting for gold in an area known as Australia’s engine room.
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