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Magnetic inversion modelling results from an aerial magnetic survey indicate a significant magnetic anomaly at Target 01 of the Melrose Project, matching with areas of elevated nickel and copper levels from historical shallow air-core drillings.
As a result of these promising findings, Cauldron Energy plans on carrying out an aerial EM survey over the entire project area to better define targeted areas and identify new prospects for future drilling.
The company is also moving forward with landowner discussions to secure access, with onsite meetings scheduled for early to mid-July.