LONDON - Global Petroleum Limited (LSE AIM: GBP), an oil and gas exploration company, has begun a ground-based gravity survey at its Juno Project, targeting large Intrusion Related Gold Systems (IRGS). The company announced today that the survey will focus on the northern parts of the project area and is expected to take several weeks to complete.
The survey will be detailed, conducted on 400 x 200m centers, and on 200 x 200m centers in areas requiring higher resolution. This new gravity data will be integrated with detailed aeromagnetic data collected earlier, which was announced on November 14, 2024. These integrated datasets will be used for subsurface modeling of the Juno geophysical target, employing unconstrained and forward modeling techniques planned for the current quarter.
The modeling results of the aeromagnetic and ground gravity data will inform the placement of Global's initial exploration drill holes at Juno. The company aims to replicate the success of techniques and methods that were instrumental in discovering buried high-grade gold and copper mineralization at the Havieron IRGS.
Omar Ahmad, CEO of Global Petroleum, expressed enthusiasm about the initial data from the aeromagnetic survey and the subsequent acceleration of the Juno work program with the new gravity survey. "By integrating this data with our previous aeromagnetic results, we're enhancing our ability to target mineralization at Juno," said Ahmad. He assured shareholders that the company would provide timely updates on the project's progress.
The commencement of the gravity survey marks a step forward in Global's exploration strategy, as it seeks to identify and drill prospective mineral targets. The company looks forward to receiving the final gravity data from the Juno Project in the coming weeks.
This news article is based on a press release statement from Global Petroleum Limited.
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