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Location: 56 km E from Mount Isa, Queensland, Australia
Level 6, 120 Edward StreetBrisbaneQueensland, Australia4000
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North Queensland Operations includes three deposits, Mt Colin, Barbara and Lillymay.The North Queensland Project are associated with shear-hosted copper/gold deposits. The deposit dimensions range between a strike length of 400m to 700m, with down dip extensions of 700m to 900m. Average deposit widths range from 2m to 5m. Mt ColinThe deposit is considered an ISCG (iron sulphide copper gold) mineralisation style.The deposit strikes approximately 295o (MGA), and dips approximately 75o NNE. It is hosted by metasomatised calc-silicates of the Corella Formation (1750-1738Ma), at surface, and by the Wonga-suite Burstall Granite (1745-1726Ma) at depth.Mineralisation principally controlled and essentially contained within the WNW-ESE striking planar Mt Colin fault. The broad-scale geology appears relatively simple and straightforward.The mineralised zone is dominated by pyrrhotite gangue to the east, and carbonate dominated gangue to the west.Known extent of +1.5% Cu mineralisation is approximately 400m in strike length, 500m down-dip, and up to ~10m in true width. The Mineral Resource extends to these limits.BarbaraThe deposit can be broken into main areas North, Central and South. Southern Lode of Barbara mineralization (+0.5% Cu) extends for approximately 230m in strike length (local N-S), averaging approximately 15m in true width (between 1m to >25m). The dimensions of the deposit overall are ~700m strike length, ~400m vertical extent in the deepest southern part, up to 30m horizontal width and 60° dip to the southwest. LillymayCopper mineralisation at Lilly May exists as chalcopyrite hosted in a 1-4 m wide quartz vein with strong chlorite alteration and smaller subsidiary veins and alteration in the surrounding 1 – 4 m. Chalcopyrite occurs in massive irregular bunches, stringers and veins. The vein strikes E-W (070-090) and dips at around 60-70° to the south. It is slightly curved along strike and convex to the south.The Inferred Resource outcrops at surface and has been defined over a strike length of 400m, and down-dip for 140m. The larger E Lode is approximately 250m in strike length, separated from the 100m W lode by a 50m sub-grade zone. Resource widths vary from <1m to ~5m in true width.
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