• Comprised of 10 granted mining leases (ML’s)
• Immediate resource/cash flow is available from 100 000t (already mined) stockpile @ .7 p/t Sn
• Located 85km south west of Chillagoe, which is 200Km south west of Cairns. Close to operating tin mines.
• Past reporting indicates approx. about 1 million lcm (1.7 million tonnes) of alluvial material containing approximately 430 g/t Sn (0.3 kg/m3 SnO2)

• World class Province - Fraser Range
• Neighbours having great success
• Entry Level for a junior mining company
• Package comprises a number of tenements totalling 6 graticular blocks

• Located in the highly prospective Bryah Basin where Sandfire has been successful in discovering copper sulphides
• Gold nugget occurrences, copper and gold soil anomalies (peak of 585ppm Cu & 85ppb Au) and RAB intersections including 12m @ 0.13% Cu from surface
• Tenement partly overlies the prospective Narracoota Volcanics with untested soil anomalies and RAB hits not followed up.
• Potential for DeGrussa style Cu-Au deposits and gold deposits

• Nickel gossans with copper and precious metal credits in a new Paleoproterozoic province of mica schists intruded by dolerite and suspected ultramafics.
• Airborne magnetometer survey followed by VTEM and FLTEM surveys defined 8 significant anomalies only three of which have been successfully RC drilled. Best targets not yet drill tested.
• Typical RC drill-chip samples assayed 42m at 0.22% Ni incl. 5m at 0.39% Ni from 14m; ; 55m of sulphide mineralisation with 3m at 1.28% Ni, 0.21% Cu from 151m and 12m at 0.39% Ni from 191m.
• Several walk-up targets for drill testing with minimal site prep. Prospect area now requires more detailed mapping, geochemical and geophysical surveys.

• Contains Ni-Cu-PGE Prospect with Exploration Targets defined from high volume of drilling.
• Significant exploration potential with several other Ni prospects and targets in need of further drill testing.
• The gold potential remains under-explored with several historical drill hole intersections lacking any follow-up work
• Strategic land holding

• Untested metamorphosed mafic targets coincident with magnetic high anomalies with anomalous PGE along Albany-Fraser Tectonic Zone
• Shallow cover, easy access, targets on private land and can be quickly tested.
• Tightly held area
• Also contains a 25mt HM deposit.

• Area of 163 square km located in the Fraser Zone of the Albany-Fraser Orogen
• Prospective for Nova-style Ni-Cu deposits. Ultramafic and mafic rocks present.
• Soil anomaly peaks of Au (660ppb), Ni (282ppm), Co (87ppm), Cu (75ppm), Pd (238ppb)& Pt (53ppb).
• No electrical geophysics (EM) has been completed over the target areas.

• Nickel greenfields opportunity
• Underexplored
• Prospective geological setting
• Large land position available

• Targets with strong geophysical and geological traits
• Proximity to high grade Rio Tinto Eagle deposit
• Drill target easily tested

• Prospective Project Adjacent to VMS resource
• Project prospective for VMS Cu-Au, Ni, Au
• Conductors identified in recent EM survey

• Bedrock conductors identified associated with mineralised linear magnetic units which outcrop as mafic-granulite and quartz-magnetite (metamophosed BIF).
• Outcropping mafic-granulite-amphibolite rocks associated with extensive linear magnetic anomalies terminating at a circular, 1.2km diameter magnetic high anomaly - possible mafic intrusion.
• Anomalous Au, arsenic and reports of gold having been mined in a reef up to 7m thick and 14 g/t Au, pre 1900s, within a Tropicana style setting.
• New discovery of a Fe rich metamorphosed BIF - Southdown type. 48% Fe average for 5 samples taken across extensive width - strike extent unknown.

Added 01/08/2014, viewed 351 times.