During 2015-2016, Iluka Resources was the only joint venturer to the Junction Dam licence to conduct a work programme, which still continued to address the potential for finding economic buried Broken Hill type stratiform lead-zinc-silver...
During 2015-2016, Iluka Resources was the only joint venturer to the Junction Dam licence to conduct a work programme, which still continued to address the potential for finding economic buried Broken Hill type stratiform lead-zinc-silver mineralisation in Palaeoproterozoic basement rocks. A ground gravity surveying programme was conducted in March 2016 by Atlas Geophysics over a prospective target area on the subject EL 5682, which also extends onto neighbouring EL 6404 in New South Wales. On EL 5682, the survey coverage consisted of 1060 stations over an area of 33.3 square km. Station spacing was a combination of a 200 m x 200 m regular base grid and offset 200 m x 100 m and 200 m x 50 m infill grids. This survey addressed the Belmont and Mammoth prospects. The data collected will be used to define targets for a diamond drill programme planned for the 2016-2017 reporting period. The Belmont and Mammoth prospects had been identified by previous explorers, and were last tested during the early 2000s in drilling done by Inco Ltd in partnership with original licensee Platsearch NL under an earlier tenure, of EL 2776 [see Env 9830]. Subsequent re-interpretation of past data suggests that highly prospective areas within these targets remain untested. Other, office-based work undertaken by Iluka as an incoming exploration participant included the compilation of historical data, reprocessing of existing geophysical data, inspecting stored historical drill cores, and making a geological synthesis. During 2016-2017 work completed on the tenement included historical data compilation, geophysical data reprocessing [see included reports], gravity modelling (completed by Terra Resources – see included report) and geological synthesis. Work in the current reporting period was undertaken by Iluka Resources.
More +