Charteris Creek

The Project tenement E45/2763 was granted in November 2011. The 131km2 tenement is located approximately 45km north of Nullagine and 50km south-east of Marble Bar in the Pilbara Region of Western Australia.

Although there has only been limited exploration previously carried out in the tenement, there are numerous proximal gold, basemetals and iron ore deposits within prospective rock formations that extend into the Charteris Creek exploration licence.

 

 

Geological Setting

E45/2763 is located within a complex group of Paleo-Archean to Neo-Archean rock formations from the Warrawoona Group, Kelly Group, granitoids, Soanesville Group, Gorge Creek Group and the Fortescue Group.

Mineral deposit and mineralisation types that the Company will target in forthcoming exploration programmes include:

  • Copper-lead-zinc and copper-molybdenum occurrences associated with a granodiorite intrusion have been identified in the south-east part of the tenement.  These form part of a larger cluster of basemetal and specialty-metal occurrences related to stockwork mineralisation in the Gobbos Granodiorite.
  • Laconia Resources' Lennons Find deposit (Inferred Mineral Resource of 853,000 tonnes @ 7.7% Zn, 1.8% Pb, 0.7% Cu and 115g/t Ag) is located approximately 1km along strike to the north of E45/2763.  Initial reconnaissance work by Riedel confirms that the prospective Warrawoona Group host rocks extend into the tenement.
  • Numerous small but very high grade gold deposits are located adjacent to the tenement in Warrawoona Group rocks and several structures that control, or are associated with these gold deposits extend into E45/2763.