PROJECTS
East Kimberly
Mt Angelo Porphyry
Mt Angelo North
Bent Ridge - Pyrophyllite
Granite - Lady Helen
McIntosh - Melon Patch
Tiger
Koongie Park VMS
Milba

Eastern Goldfields
Cosmo Newbery
Wild Night Hill

Glengarry Proterozoic Basin
Mt Padbury

Ashburton Proterozoic Basin
Mt Agnes

West Pilbara
Pilgangoora

Mount Angelo Porphyry Copper Prospect

The Mt Angelo Porphyry Copper Prospect (100% 3D Resources) represents a large low grade porphyry copper deposit based on drilling carried out by Pickands Mather and Murchison Central Mines in the late 1960s and early 70s. The mineralisation occurs as stringers and veinlets of chalcopyrite and various secondary copper minerals within a granophyric microgranite host straddling the Olympio Formation – Koongie Park Formation contact.

The gold, silver and molybdenum potential of the porphyry was not fully investigated by the previous explorers. Diamond drilling in the late 1960s produced significant intercepts up to 152 m grading 0.54% Cu and strongly anomalous Mo values (up to 2000 ppm). Grab sampling of later shallow percussions drill holes over the same mineralised zone has returned encouraging values of 1.3% Cu associated with weakly anomalous Au (13.4 ppb Au).

The mineralised zone occurs within an extensive 1000 m long by 300 m wide soil geochemical anomaly that has not been tested by modern deep drilling RC techniques. The Company has located mineralised quartz veins and breccia samples within the anomalous geochemical zone containing values up to 3.2% Cu, 5.5 g/t Ag and 68 ppm Mo.

Proposed Exploration and Evaluation Program

Modern electrical and detailed magnetic geophysical techniques coupled with deep RC drilling will help to delineate a potential deeper and higher grade “core” to the porphyry mineralising system. Regional MAGSTREAM sampling and follow-up grid MAGLAG sampling will be used to assess the gold potential of the area. The Mt Angelo North VMS base metal mineralization within M80/247 potentially extends into the Mt Angelo Exploration Licence and represents a significant exploration target.

Detailed aeromagnetic surveying and potential airborne geophysical techniques will be investigated although disseminated copper mineralisation can be successfully defined using ground IP electrical geophysical techniques.