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Crookwell Base Metal Project, NSW

The Company was granted an exploration licence covering the historic Crookwell iron mine in southeastern New South Wales during November 2005. This licence covers 113km2 of ground that is highly prospective for base metal mineralisation.

 

Crookwell and Mulloon Base Metal Projects - Location Map

 

This project lies 50 kilometres to the north of, and includes the same sequence of rocks that host the former Woodlawn massive sulphide deposit (18Mt at 2% Cu, 2.6% Pb, 4.2% Zn, 95g/t Ag and 1.8g/t Au).

More than 500,000 tonnes of oxidised (weathered) massive sulphide in the form of haematite was extracted from the Crookwell deposit during World War II. Sub-economic grades of copper, lead and zinc are recorded in many samples taken from the Crookwell iron mine. Large base metal sulphide deposits commonly have a weathered and leached haematite cap containing subeconomic base metal grades similar to those previously recognised at the Crookwell iron mine. No modern exploration has been undertaken to evaluate the base metal potential of this project.

The Company is currently compiling historic exploration information to plan an appropriate exploration programme for this area.


Mulloon Base Metal Project, NSW

During November 2005 the Company was granted an exploration licence covering historic workings at Mulloon in southeastern New South Wales. This licence covers 163km2 of ground that is highly prospective for base metal mineralisation.

This project lies 20 kilometres to the south of, and includes the same sequence of rocks that host the former Woodlawn massive sulphide deposit (18Mt at 2% Cu, 2.6% Pb, 4.2% Zn, 95g/t Ag and 1.8g/t Au). Only 25 holes have been drilled at the project, almost all of which are less than 100 metres deep. Encouraging results from drilling include 3 metres at 2.0% Cu at a depth of 90m, 0.3 metres at 1.8% Cu, 13.4% Pb and 17.5% Zn from 23.7 metres and 0.3 metres at 2.7% Cu, 4.5% Pb and 18.3% Zn from 22.1 metres.

The most recent drilling at the Mulloon Project was conducted in 1985 and modern electromagnetic data has never been acquired. The Company is currently compiling historic exploration information to plan an appropriate exploration programme for this area.

 

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