Further Exploration

Four new prospect areas identified for further exploration

 

Calingiri

Target Commodities

• Ni-Cu-PGE hosted in mafic / ultra-mafic intrusive rocks
• BIF hosted gold

Project Geology^#

Age: Archean 4 Ga – 2.5 Ga
Terrane: Youanmi Terrane
GSWA Lithology: Gabbro; metamorphosed granodiorite; mafic rocks; iron formation

# Source: Geological Survey of Western Australia, Youanmi Terrane (YYO) explanatory notes

Exploration Analysis

• Northern extension to NRL’s Bolgart project;
• Bounded by terrane-scale thrust / Paleo cratonic boundary;
• High amplitude discordant magnetic anomalies may indicate mafic-ultramafic intrusive rocks;
• Quartz sulphide BIF with Au potential.

 

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Muggamuggin

Target Commodities

• Ni-Cu-PGE hosted in mafic / ultra-mafic intrusive rocks

Project Geology^#

Age: Archean 4 Ga – 2.5 Ga
Terrane: Youanmi Terrane
GSWA Lithology: metamorphosed mafic rocks; iron formation

# Source: Geological Survey of Western Australia, Youanmi Terrane (YYO) explanatory notes

Exploration Analysis

• Historical Cleansweep iron ore prospect;
• High amplitude discordant magnetic anomalies may indicate mafic-ultramafic intrusive rocks;
• May represent an intrusive gabbro;

 

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Yerecoin North

Target Commodities

• VMS Copper deposits

Project Geology^#

Age: Archean 4 Ga – 2.5 Ga
Terrane: Youanmi Terrane
GSWA Lithology: gabbro; metamorphosed granodiorite; mafic rocks; iron formation

# Source: Geological Survey of Western Australia, Youanmi Terrane (YYO) explanatory notes

Exploration Analysis

• Historical Yerecoin North iron ore prospect;
• Potential for VMS copper with historical drilling intercepting 4m @ 0.76% Cu (Chalcopyrite);
• High amplitude discordant magnetic anomalies may indicate mafic intrusive rocks;
• Airborne EM not effective due to local electronic interference;
• 25 drill intercepts > 500ppm Ni and 10 intercepts > 0.1% Ni
  • YN12DD029 – 0.74% Ni, 350ppm Cu, 0.2% Pb, 0.78% Cr, 410ppm Zn
  • YN12DD028– 930 ppm Ni, 1.07% Cu, 120ppm Pb, 0.24% Cr, 830ppm Zn.

 

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T4 Prospect

Target Commodities

• Ni-Cu-PGE hosted in mafic / ultra-mafic intrusive rocks

Project Geology^#

Age: Archean 4 Ga – 2.5 Ga
Terrane: Youanmi Terrane
GSWA Lithology: metamorphosed ultramafic rocks; mafic rocks; iron formation

# Source: Geological Survey of Western Australia, Youanmi Terrane (YYO) explanatory notes

Exploration Analysis

• Intrusive dunite and serpentinite (ultramafic) rocks identified at surface;
• Moderately anomalous nickel in soils samples;
• No geochem data over 3 northern magnetic highs.