MOUNT CLARK WEST
COPPER GOLD PROJECT
Connors Arc, Queensland, Australia
Copper Gold Project
1,912 ha
Porphyry
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HIGHLY PROSPECTIVE LARGE-SCALE PORPHYRY AND EPITHERMAL PROSPECTS.
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RECENT RESULTS FROM NEARBY YANDAN PROJECT (198m @ 2.0 g/t Au and 214m @ 1.6 g/t Au) INDICATES EXCELLENT PROSPECTIVITY.
Background
PORPHYRY COPPER MINERALISATION
A highly prospective 1,912 ha Exploration Permit for Minerals tenement situated within the Connors Arc region in Central Queensland.
Located 24km northwest of Nebo providing it easy access to all major mine-scale infrastructure (railway, power, water etc).
Previously explored by Navaho Gold Ltd (ASX:NVG) in 2010-2013 and then by Medusa Mining Ltd (ASX:MML) in 2018- 2019.
Stream sediment and soil sampling.
Surface geochem survey of >1,000 soil and 79 rock samples.
8 line km Ground IP/Resistivity.
Navaho Gold Ltd identified the presence of porphyry copper occurrences and considered it similar to deposits near the Bingham Canyon porphyry copper deposit in Utah, USA
PORPHYRY COPPER MINERALISATION
Horseshoe Hill Prospect
Mount Clark West hosts a potentially significant geophysical anomaly, coincident with Cu-Au-Mo geochemistry, with outcropping high-level porphyry stockwork quartz veins of similar scale and footprint as large porphyry systems.
The Horseshoe Hill Prospect is considered the mineralising source/driver coincident with identified magnetic and geochemical anomalies.
The Horseshoe Hill Prospect is significantly altered with high intensity of stockwork veining with jarosite/hematite boxwork textures indicative of porphyry-style mineralisation.
Peak results for key elements from rock samples were 3.06 g/t Au; 16.3 g/t Ag, 1,260 ppm Cu, 112 ppm Mo, 6,390 ppm Pb and 1,240 ppm Zn
A total of 4 HQ diamond drill holes (totalling 1,283m) were completed in 2019.
Copper was intersected in MCDD002, with 104m of 0.1% Cu from 114m, including 14m at 0.23% Cu from 180m
Interpretation of the drill results suggest that the holes intersected the outer shell of a porphyry system.
PORPHYRY COPPER MINERALISATION
Potential for Large Scale Cu-Au-Mo Porphyry Deposit
Mt Clark West shows indications of the upper level and peripheral margins of a porphyry copper-gold (molybdenum) mineralised system, with mineralisation potential near surface and at depth.
There are two very strong, discrete and remanently magnetised anomalies to the south of the system.
These anomalies may indicate strong magnetite-biotite alteration which could be associated with gold-silver or other polymetallic mineralisation on the outer periphery of the system.
The Independent Geologist Report into FEG’s tenements prepared by Measured Group noted:
“A similar geophysical signature is observed at the Mt Leyshon mine in QLD”.
The Mt Leyshon mine produced over 2.5M oz of gold from 1987 to 2002