CANBORNE PROJECT
This project consists of two granted tenements EPM 28453 (Little Sandy Creek, Au-Cu) and EPM 28483 (Garnet, Cu), Figure 1.
Little Sandy Creek, Au-Cu
(EPM 28453)
Exploration Permit for Minerals (EPM) Little Sandy Creek was acquired to cover an area of anomalous magnetics, geochemistry, mineralisation style and electro-magnetic anomalies was identified in a review of regional tenement report data over the Mount Isa Inlier. The magnetic, geochemical and electro-magnetic features are interpreted to have potential for iron-oxide-copper-gold (IOCG-ISCG) mineralisation. Deposit type examples include the IOCG (Osborne) and ISCG (East Osborne, Kulthor) mineralisation (below figures of Kulthor deposit - 2.78Mt @ 1.66% Cu, 1.05 g/t Au).
Historic EM anomalies (MLEM, FLEM, DHEM), IP (chargeable), geochemical anomaly (2km long, consisting of Cu, Au, As) and a drill intercept (0.4m @ 4.3%Cu and 3.4g/t Au from 200.9m) define the main structural trend eminating from the Osborne Mine to the south.
Rummager believes that the EM plates (not fully tested), significant ground geochemistry (with the limited data available), large IP chargeable anomaly, high grade copper and gold intercept of 0.4 m @ 4.32% Cu & 3.78 g/t Au from 200.9m in hole LSD0003 and the off-hole response in LSR0004 warrant further detailed exploration.
Garnet, HREE-Cu
(EPM 28483)
Exploration Permit for Minerals (EPM) Garnet was acquired to cover an area of gravity, magnetics and mineralisation anomalies were identified in a review of regional tenement report data over the Mount Isa Inlier. The gravity, magnetic and mineralisation features are interpreted to have potential for ISCG mineralisation. Deposit type examples include the source rocks similar to the large Chinese REE clay deposits. The source rocks at the Garnet prospect seem to be “skarn” type mineralisation relating to the metasomatism of A-type granites, including the late intrusion of magnetic pyrrhotite.
Historic broad spaced gravity and magnetics defined a small discrete anomaly which consists of low Cu mineralisation. Historic RC drill intercepts (10m @ 0.25%Cu from 146m) not closed off or sampled appropriately.
Rummager believes that the gravity and magnetic anomaly warrant further detailed exploration.