Todd River Resources Limited announced that following the completion of a comprehensive Moving Loop EM (MLTEM) survey, Reverse Circulation (RC) and aircore drilling has commenced at its 100% owned Pingrup Ni-Cu-PGE Project in Western Australia. The multi-phase work program will initially consist of a number of reconnaissance aircore drill lines to further map out the geology and geochemistry of the intrusions followed by a number of RC holes targeting specific features identified from the MLTEM survey. In addition RC drilling will target the area shown in where the high points of the detailed gravity and magnetic feature are located.

A moving loop survey was carried out at the Pingrup Project by GEM Geophysics. The survey employed a High Temperature SQUID sensor in the slingram configuration. Ten profiles were surveyed comprising 115 individual soundings and covering 10.6 line-kilometres.

Surveying specifications were tailored for the detection of bedrock conductors. Surveying identified seven anomalies; which are coincident with magnetic anomalism and interpreted mafic/ultramafic geology. Exploration Licence E70/5954 covers an area of approximately 240 square kilometres within the Corrigin Tectonic Zone at the south west Yilgarn Craton­Youanmi Terrane boundary some 300 kilometres south east of Perth.

The bedrock geology is obscured by thin (1-10 metres) sandy cover and a thick weathering profile. Within the project area are twelve magnetic features with historical work confined to just three of them. This work was completed by Magnetic Resources who were exploring the magnetic highs for the presence of Banded Iron Formation (BIF) hosted iron ore deposits between 2008-2011.

In all three cases drilling failed to identify any BIF, however it confirmed the magnetic features to be mafic-ultramafic intrusions.