 |
Northern Gawler Projects
EL 4422 Mt Brady
EL 4423 Windy Valley
OVERVIEW
WPG has been granted two exploration licences over prospective areas in the emerging Mt Woods iron ore province of the northern Gawler Craton. EL 4422 Mt Brady covers an area of 233 square kilometres and is located immediately to the north west of the Cairn Hill magnetite-copper-gold deposit. EL 4423 Windy Valley covers an area of 426 square kilometres and is situated between the Stuart Highway and the Tarcoola to Alice Springs railway line.
GEOLOGY & MINERALISATION
Within the Mt Brady EL the Mt Brady and Dingo prospects are targets that were defined by previous companies who were mainly exploring for iron oxide copper-gold (IOCG) deposits. Both prospects encompass zones of complex geophysical character, some of which indicate potential for banded iron formation (BIF) iron ore deposits. Previous drilling at the Mt Brady prospect intersected significant intervals of massive magnetite mineralisation associated with a sequence of pegmatite bearing skarns and possible carbonatite. Intersections include 5.8 metres averaging 61.9% Fe and 6.5 metres averaging 61.1% Fe in separate drill holes. Anomalous copper and rare earth element intervals were also recorded.
WPG considers the Windy Valley tenement has potential for the discovery of DSO haematite and magnetite iron ore deposits as well as IOCG mineralisation. In addition to its intrinsic metaliferous exploration potential, the Windy Valley area also has strategic value to the Company. The planned accommodation village for the Company’s Peculiar Knob high grade iron ore mine, and a large section of the haul road from Peculiar Knob to the Wirrida rail siding are situated within it. WPG plans to test the younger sedimentary cover and fissures in the basement rocks for additional ground water supplies that could augment the already established and licensed water supply at Hawks Nest.
|
|
