URU Metals startss electromagnetic survey at Zeb Nickel Project

(Sharecast News) - URU Metals said on Friday that it had started a ground-based frequency-domain electromagnetic survey at its Zeb Nickel Project in South Africa, as part of its continuing geophysical programme to refine and prioritise drill targets. The AIM-traded company said the FDEM survey followed the completion of a ground-based gravity survey and would cover previously defined priority target areas.

It said it was designed to investigate conductive anomalies identified from an earlier Spectrem airborne electromagnetic survey.

URU said the ground-based survey should provide higher-resolution definition of conductive bodies, improve discrimination between sulphide mineralisation and lithological conductors, and give a better understanding of the geometry, depth and continuity of electromagnetic anomalies.

The company said the work was intended to better delineate conductive zones that could represent semi-massive to massive nickel sulphide mineralisation, particularly where they coincide with dense gravity anomalies identified in the recent gravity survey.

Results from the FDEM survey will be integrated with gravity and magnetic datasets to improve target definition ahead of the company's planned drilling campaign.

URU also said it was preparing request-for-quotation documents for the selection of a drilling contractor, and would update the market once that process had been completed and a preferred contractor appointed.

"The commencement of the ground-based electromagnetic survey marks another important step in advancing the Zeb Nickel Project," said chief executive officer John Zorbas.

"Following the encouraging results from the gravity survey, this next phase will allow us to further refine the conductive anomalies and better understand their potential to host semi-massive to massive nickel sulphide mineralisation."

Zorbas said the company was "very excited" by the progress being made and would continue to provide updates as results were received and interpreted.

At 1500 BST, shares in URU Metals were flat at 5.75p.

Reporting by Josh White for Sharecast.com.

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