COPPER – GOLD
(100% AQD – Selected Prospects Subject to South32 Strategic Alliance Agreement (SAA)
The Hamilton Project is located in north-west Queensland, ~120km south of the world-class Cannington mine. It consists of two Exploration Licences covering an area of ~520km². Exploration is targeting Iron-Oxide Copper-Gold (IOCG) mineralisation beneath the extensive cover in the region where historical drilling has provided strong evidence for “near-miss” situations.
To date the company has completed IP surveys and two stages of widely spaced drilling to identify a mineralisation (alteration) footprint indicative of a buried IOCG system. Key parameters (potassic and sericite alteration) for the location of iron-oxide copper-gold (IOCG) mineralisation similar to that found at the Ernest Henry deposit approximately 250km to the north, have been identified, and magnetic targets closest to the strongest alteration identified for further drilling.
A third stage of drilling has now been agreed under the SAA and access preparations are underway to allow drilling to commence in the first half of 2021 immediately after the cessation of the wet season. Exploration work at Hamilton is being funded under the SAA with South32.
The company is currently exploring within Australia & Peru and holds in excess of 5,000 km² of exploration title (granted tenements and tenement applications).
Company office & mailing address:
8 Kearns Crescent, Ardross WA 6153
Phone: 08 9364 3866
Fax: 08 9364 4892
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