An area located on the southern Stuart Shelf to the west of and between the Carrapateena and Punt Hill deposits is being explored for possible buried economic IOCG mineralisation. The project is focused on the Olympic Domain or Olympic Copperbelt,...
An area located on the southern Stuart Shelf to the west of and between the Carrapateena and Punt Hill deposits is being explored for possible buried economic IOCG mineralisation. The project is focused on the Olympic Domain or Olympic Copperbelt, with interest in the region stimulated by the release in mid-2015 of interpretation work completed on broad magnetotellurics data from across the state. This work showed a deep conductive zone beneath the Olympic Domain and is interpreted to be a fluid pathway linking the near surface with the Moho and mantle, allowing for the migration of hot and potentially mineralised fluids to migrate to the surface. Exploration activities are focused on the Maslins Target; a residual gravity anomaly that is approximately 6 km long from a depth of 600 m, with a Bouguer anomaly of 1mGal. The company is targeting IOCG related skarn mineralisation in the Wallaroo Group basement. During the first year of tenure, work consisted of: • making reconnaissance field trips to meet landowners, to check access tracks, and do baseline environmental impact forecasting work for preparing a PEPR document; • reprocessing previous geophysical survey data; • compiling records of previous exploration work, to assist in building a drillhole database and performing solid geology 3D modelling; • signing a NTMA with the Kokatha Aboriginal Corporation; • conducting a brief field trip to verify the collar locations of previous explorers' drillholes; • refining a geophysical model of the "Maslin" target located ~15 km east of Lake Dutton; and • producing an advertisement data package for attracting a joint venture partner. As no new technical data were acquired, a formal annual report was not submitted to DPC. During the second licence year, work consisted of the continuation of desktop studies, including the compilation of drillhole data from SARIG and other sources, and the reprocessing of geophysical data. As no new technical data was acquired, a formal report was not submitted. During the third year of tenure field work was commenced within the exploration licence area, with a small soil sampling program completed over the Maslins target. This data, along the with extensive desktop reviews undertaken by the company have been synthesised into a comprehensive information and data package memorandum. The company is now seeking a joint venture partner to fund future exploration on the project. The soil sampling program was completed over the Maslins Target and saw 45 samples collected, with partial leach methods utilised for analysis. The company believe the method of ineffective at defining any anomalism.
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