- Aeromagnetic survey to define drilling target to commence within 2 days at the Rosewood Prospect (EL27412)
- Survey will model drilling targets, including at least one magnetic-gravity bullseye anomaly sitting alongside the northeast trending Blackfellow Creek Fault.
- Proto will earn-in up to 50% of the Rosewood Project through spending $200,000 on this survey, site clearance, and one drillhole with downhole EM testing.
The Board of Proto Resources & Investments Ltd (“Proto”, the “Company”) is pleased to announce that it is about to commence an aeromagnetic survey at its newly agreed Rosewood Project (EL27412). Rosewood is located in the Northern Territory, about 100km south east of Kununurra WA.
The survey will be flown by UTS Geophysics Pty Ltd of Perth, Western Australia using a Fletcher FU24 with the speed and terrain clearance usual for surveys of this type. The survey will commence within the next 2 days on arrival of the plane at site. The aeromagnetic survey will be undertaken on 100m spacing and will cover a major portion of the tenement of EL27412.
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