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(Sharecast News) - URU Metals announced the completion of a high-resolution airborne geophysical survey over its Zebediela project in South Africa on Friday, significantly advancing its geological understanding of the nickel-copper-PGE asset.
The AIM-traded company said the survey, conducted by Xcalibur Airborne Geophysics, included both gravity and magnetic data and was carried out at no cost to the company, avoiding shareholder dilution.
It said the data confirmed the presence of a long-lived ultramafic magmatic plumbing system linking the Uitloop I and II bodies and highlighted major northeast-southwest fault zones interpreted as magma conduits and potential traps for sulfide mineralisation.
The results reinforced the exploration model that Zebediela hosts vertically-stacked zones of disseminated to potentially massive sulfides, comparable to mineral systems at the Platreef and Nkomati deposits.
URU said it would submit the dataset for expert interpretation by a specialist geophysical consultancy operating across Africa.
The scope would include 3D inversion, reprocessing of gravity and magnetic data, and integrated modelling to identify high-priority drill targets within zones two and three.
URU said it expected the work to support the delineation of higher-grade mineralisation in zone two, and identify potential massive sulfide zones in zone three.
"This survey has provided clear confirmation of the structural and geological controls on nickel and PGE mineralisation at Zeb Nickel," said URU's vice-president of exploration, Richard Montjoie.
"The presence of a robust feeder system between Uitloop I and II supports our model of vertically stacked mineralised zones and significantly upgrades the prospectivity of both zone two and zone three."
Montjoie said the new dataset, combined with the firm's historic drill results, set the stage for the delineation of a higher-grade nickel-PGE resource.
"Our upcoming drilling campaign will build directly off this work, with the goal of declaring a maiden NI 43-101 compliant resource that reflects the true value of the high-grade sulphide mineralisation we're seeing across the project."
At 1055 BST, shares in URU Metals were up 3.33% at 4.65p.
Reporting by Josh White for Sharecast.com.
