The Company has identified the Northern and Southern areas of its tenement package as being highly prospective ground for large copper / gold or gold regional discoveries. The ground is located approximately 85km west of Parkes and is supported by a high-quality road network.
A recent review of historical geological and geophysical datasets of the Southern area supported the interpretation of a circa 9km wide by 15km block of Ordovician rock sequence instead of younger Silurian – Devonian age rocks.
This is a significant reinterpretation as it makes the rocks prospective for Northparkes, Cadia and Cowal type deposits. Discussions with exploration juniors and technical experts support this interpretation.
In the Northern area, a review of historical data is underway, with early indications suggesting this is a block of older Ordovician rocks that were previously interpreted as younger Siluro – Devonian age.
The area is a circa 4km wide by 10km block of approximately 40km2, with reconnaissance mapping 30% complete. Historical aircore drilling data indicates there is a zone of anomalism of greater than 400ppm copper that extends for over 3km in length and almost 1 km in width.
Future work programs will assess the potential for both the Southern and Northern areas via a two-phase program with the overall goal of testing the area for mineralised systems of significant size.
Regional Discovery - Geophysics
Complete Airborne Magnetics and Radiometrics coverage of the entire tenement package was completed in early 2017.