{"id":8639,"date":"2024-04-22T04:18:14","date_gmt":"2024-04-22T04:18:14","guid":{"rendered":"https:\/\/economicherald.net\/?p=8639"},"modified":"2024-04-22T04:18:14","modified_gmt":"2024-04-22T04:18:14","slug":"taiton-resources-launches-search-for-new-mineral-discoveries-at-challenger-west","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8639","title":{"rendered":"Taiton Resources launches search for new mineral discoveries at Challenger West"},"content":{"rendered":"<p>Taiton Resources starts soil sampling to hunt for gold and other minerals at Challenger West<br \/>\nProject is close to the 1Moz Challenger Gold deposit<br \/>\nCompany has identified a new view on relationship between historical geochemistry and observed structural interpretation<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Taiton Resources has started reconnaissance Ultrafine soil sampling program at its Challenger West project to uncovering new mineral deposits in a region known for its significant gold resources.<\/strong><\/p>\n<p>The Challenger West project in South Australia is about 135km southwest of Coober Pedy and is between 10km and 40km from the 1Moz Challenger Gold deposit.<\/p>\n<p>Taiton Resources (ASX:T88) previously reprocessed existing gravity data at the project, which is accessible from the Commonwealth Hill road and close to the Commonwealth Hill airport.<\/p>\n<p>This work had identified three high priority areas that will be tested by the Ultrafine soil sampling program.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Unlocking gold potential<\/strong><\/h2>\n<p>The soil sampling program is designed as first pass assessment of the ground and the potential effectiveness of the UF method.<\/p>\n<p>It will seek primarily to test for gold mineralisation though a full assay suite analysis will be carried out on the samples offering the potential for additional commodities to be found.<\/p>\n<p>Sampling is expected to take about two weeks to complete with results expected in a further four to six weeks.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Target zones<\/strong><\/h2>\n<p>Area 1 covers north-northeast trending features that are defined by discrete magnetic anomalism.<\/p>\n<p>It was primarily defined from interpretation of reprocessed open file aeromagnetic data and has limited historical surface sampling consisting of sporadic calcrete, lag, and rock samples.<\/p>\n<p>Area 2 covers a northeast trending shear interpreted from geophysical data and includes historical calcrete sampling that identified low level gold and copper anomalism.<\/p>\n<p>The gold anomaly is coincident with a possible short range (&lt;1km) splay based on the magnetic interpretation.<\/p>\n<p>Area 3 sits over interpreted north-northeast trending anomalism. It covers an interpreted banded iron formation.<\/p>\n<p>Managing director Noel Ong said the company\u2019s board had always held the view that Challenger West has the potential to host another Challenger Gold mine, which was discovered in 1995.<\/p>\n<p>\u201cTwo decades have gone by and the mystery of a single gold mine, a single economical mineral deposit, that sits alone over an area that is 200km from the nearest \u201csubeconomical deposit\u201d remains the narrative,\u201d he added.<\/p>\n<p>Besides looking to solver this mystery, the company will also look to discover the potential for uranium, rare earths and base metals.<\/p>\n<p>\u201cThe Challenger West targets generated by the Taiton exploration team has been well researched and considered the efforts of past explorers,\u201d Ong added.<\/p>\n<p>\u201cTraditionally, the search for a Challenger-type deposit has met a degree of complexity in understanding the potential controlling structures in the past.<\/p>\n<p>\u201cManagement confidence in our maiden exploration program comes from the fact that our team have identified a new view on the relationship between the historical geochemistry and the observed structural interpretation in helping to identify potential mineralisation and depositional traps.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Taiton Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/taiton-resources-launches-search-for-new-mineral-discoveries-at-challenger-west\/\">Taiton Resources launches search for new mineral discoveries at Challenger West<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Taiton Resources starts soil sampling to hunt for gold and other minerals at Challenger West Project is close to the 1Moz Challenger Gold deposit Company <a href=\"https:\/\/economicherald.net\/?p=8639\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":8640,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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