Muddawerrie Project
The Muddawerrie Project is located approximately 100km north west of Meekatharra in the Murchison Region of Western Australia (see map). The granted Exploration Licence covers an area of approximately 52 square kilometres and encompasses the entire 16km strike length of an Archaean greenstone belt that is highly prospective for banded iron formation (BIF) and mafic hosted shear zone gold deposits, similar to those at Mt Magnet and Meekatharra.
The exploration opportunity presented at the Muddawerrie Project is based on the fact that two demonstrably mineralised significant shear zones covering at least 16km of strike have only received cursory amounts of historic exploration:
The Muddawerrie Trend in the east of the project area extends for the entire 16km length of the project and is characterized by a series of BIF units where significant old gold workings are present. Limited shallow drilling on this trend has consistently returned highly anomalous results including:
- 2m @ 1.54g/t Au
- 1m @ 1.18g/t Au
The Mount Maitland Trend extends for 5km along the eastern side of the project. The trend is characterized by sheared mafic volcanic rocks with a number of zones of old gold workings present.
Drilling has been limited to one area of old workings and the results returned clearly demonstrate that the shear zone has the potential to be strongly mineralised. Results from the only drilling along this trend include:
- 10m @ 2.02g/t Au (includes 4m @ 3.82g/t Au)
- 2m @ 1.01g/t Au
Subject to attaining the required statutory permits, the Muddawerrie Project represents an opportunity to quickly develop a series of high priority drilling targets for gold.
