Overview of VTEM survey results at Mt Davis project

AusQuest Limited (ASX:AQD) has identified at least four large conductive targets through the recent VTEM survey over the Mt Davis Base Metal Project in Western Australia. The survey, located approximately 180km NNE of Wiluna, has highlighted the potential for SEDEX base metal deposits within the Earaheedy Basin.

Executive commentary on VTEM survey results

The Managing Director of AusQuest, Graeme Drew, expressed satisfaction with the VTEM survey results, stating, 'The VTEM survey has provided significant support for our theory about the potential presence of SEDEX Cu-Pb-Zn deposits within the Earaheedy Basin, suggesting the presence of suitable host rocks on the northern side of the basin. This has significantly upgraded the prospectivity of the Mt Davis Project, and we look forward to following up key targets with further field work programs in the near future.'

Summary of VTEM survey results and future plans

The VTEM survey conducted by AusQuest has defined four large conductive targets below the Frere Iron Formation, indicating the potential for SEDEX base metal deposits within the Earaheedy Basin. The company plans to undertake ground follow-up of the key target areas, including surface and rock-chip sampling, ahead of possible ground EM surveys and drilling. The Managing Director's positive outlook on the survey results reflects the company's enthusiasm for the future exploration activities in the area, aiming to capitalize on the upgraded prospectivity of the Mt Davis Project.