Projects
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Mount Isa Regional Projects
The Wilfred Creek Project area, located to the southwest of the Buckley River Project, comprises two EPM’s. The main prospect area is a magnetic feature extending for up to 7 km, referred to as the May Downs anomaly, related to a zone of pyrrhotite mineralisation in siltstone with associated elevated levels of lead-zinc and minor copper mineralisation. Previous owners drilled 5 RC holes into this anomaly with a best intercept of 4 m at 0.55% Zn. The May Downs anomaly currently represents a largely untested lead-zinc target. Within the remaining project area, anomalous copper values have been reported associated with ferruginous outcrops along fault lines and represent targets for oxide copper mineralisation. Mount Gordon Fault Zone The Mount Gordon Fault Zone Project comprises the Investigator area, located to the south of the Mount Gordon Operation, and the Torpedo Creek area, located to the immediate north of The main exploration target identified within the Investigator area is a line of historic oxide copper workings and malachite showings along the Investigator Fault where minor copper mineralisation was intersected in previous drilling. Splays off a number of faults including the Esperanza Fault have also been recognised as targets for copper mineralisation. There are no known copper occurrences within the Torpedo area, which has been subject to limited previous exploration work. The main exploration targets comprise a copper-zinc stream sediment anomaly of 4 km2 in area identified by CRA in 1995, an area of anomalous rock chip samples (up to 1,350 ppm Cu) and a number of conceptual targets associated with the Mount Gordon Fault. The Cameron River Project area is a single EPM and is located due west of the historic Mary Kathleen uranium mine. It will be the focus of exploration for this group of tenements in 2008. At the Black Rock (Pinnacle) Prospect, visible copper-oxide (malachite) mineralisation, assaying 0.85% to 7.4% Cu in outcrops and costeans over a 5 to 20 m wide zone, occurs along a 50 to 70 m high ridge for a distance of about 700 m. Previous deeper RC drilling beneath the ridge intersected the mineralised zone 200 m below the ridge outcrop and confirmed a 10 to 30 m true width interval with low grade copper values (0.1-1.0%). In addition to the Black Rock Prospect, the magnetic quartzite ridge hosting the copper mineralisation is part of a 15 km long north-south trending structure within a major tectonic lineament that runs through the core of the tenement. Copper mineralisation and a number of historical copper mining operations have been undertaken both along and adjacent to the ridge. The same structure continues out of the tenement in the southwest corner and hosts the Wee MacGregor deposit held by Matrix Metals Limited. The Round Mount Project consists of two EMP’s and is targeting Ernst Henry style copper mineralisation. Copper and gold mineralisation is found in historic workings associated with faults. Previous drilling located anomalous copper mineralisation in magnetite-bearing skarn marginal to granitoid. The Mount Birnie Project area comprises a single EPM. It targets the northern intrusion of the Tick Hill gold mine structure which also hosts anomalous copper values.
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