A seismic survey program has commenced on QEM Limited’s (QEM) 100 per cent owned Julia Creek project, covering approximately 496 square kilometres in the Julia Creek area of North Western Queensland.
Julia Creek is located over the vast Toolebuc Formation, which is the host to widespread vanadium mineralisation, and is considered an ‘oil shale’, meaning it has the potential to hold significant petroleum resources.
QEM announced in February this year that it had engaged geological service company, Velseis Pty Ltd, to conduct the 26-kilometre 2-D seismic survey which would outline the geological structure of the seams across the project area, and then be input into the geological model.
The objective of the survey is to increase the geological confidence of the deposit.
The seismic data gathered through the survey is expected to play an important role in the assessment of potential mine designs and in the process of planning the Pre-feasibility study for the Julia Creek project.
It is anticipated that the final seismic data results after processing will be completed by July 2019.
In commenting on the news, QEM’s Executive Director David Fitch said the commencement of the seismic program is an import step towards the development of QEM’s flagship project.
“The data gathered through this survey, coupled with the upcoming drill program, will well position the company in further developing this exciting opportunity,” he said.