EPM19508: COURTENAY WEST 2016 Annual Report
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EPM19508: COURTENAY WEST 2016 Annual Report 28 May 2015 – 27 May 2016 Author(s) P. Tyrrell - Geology Manager H. McVicar - Geologist Tenure Holder New Hope Exploration Pty. Ltd. – 100% Report Lodged By T. Dehle Report Lodged On 13/06/2016 ACKNOWLEDGEMENT AND WARRANTY 1. Subject to 2, the mining tenement holder acknowledges that this report, including the material, information and data incorporated in it, has been made under the direction or control of the State of Queensland (the State) within the meaning of section 176 of the Copyright Act 1968 (Commonwealth). 2. To the extent that copyright in any material included in this report is not owned by the State, the mining tenement holder warrants that it has the full legal right and authority to grant, and does hereby grant, to the State, subject to any confidentiality obligation undertaken by the State, the right to do (including to authorise any other person to do) any act in the copyright, including to: a. use; b. reproduce; c. publish; or d. communicate in electronic form to the public, such material, including any data and information included in the material. 3. Without limiting the scope of 1 and 2 above, the mining tenement holder warrants that all relevant authorisations and consents have been obtained for all acts referred to in 1 and 2 above, to ensure that the doing of any of the acts is not unauthorised within the meaning of section 29(6) of the Copyright Act 1968 (Commonwealth). New Hope Group 3/22 Magnolia Drive, Brookwater, QLD 4300 Phone: (07) 3418 0500 Facsimile: (07) 3418 0341 Web: www.newhopegroup.com.au TABLE OF CONTENTS SUMMARY .................................................................................................................. 4 LOCALITY ................................................................................................................... 5 MAP SHEETS ............................................................................................................. 5 COMMODITY .............................................................................................................. 5 TECTONIC UNIT ......................................................................................................... 5 AGE ....................................................................................................................... 5 STRATIGRAPHY ......................................................................................................... 5 KEY WORDS ............................................................................................................... 5 TENURE ...................................................................................................................... 6 LOCATION AND TENEMENT ACCESS ..................................................................... 7 EXPLORATION BY NEW HOPE EXPLORATION ...................................................... 9 SUMMARY OF HISTORICAL EXPLORATION ......................................................... 11 PREVIOUS EXPLORATION BY NEW HOPE GROUP ............................................. 12 GEOLOGICAL DATA ................................................................................................ 15 REGIONAL GEOLOGICAL SETTING ....................................................................... 15 LOCAL GEOLOGY .................................................................................................... 16 GROUND GEOPHYSICAL SURVEYS ...................................................................... 16 GEOCHEMICAL DATA ............................................................................................. 16 GEOLOGICAL MODELLING AND RESOURCE ESTIMATES .................................. 17 REFERENCES .......................................................................................................... 18 FIGURES Figure 1 - Location Map ........................................................................................................... 8 Figure 2 - 2015 Courtenay Project IP Survey Location .......................................................... 10 Figure 3 - Regional Historical Exploration .............................................................................. 12 Figure 4 - Areas of interest at Courtenay due to gravity or magnetic anomalies ................... 13 Figure 5 - Location of Courtenay Project Tenure With Mapped Regional Geology ............... 16 TABLES Table 1 - Queensland Government Map Sheets Reference .................................................... 5 Table 2 - List of Sub-Blocks ..................................................................................................... 6 ATTACHMENTS 2015 Courtenay IP Survey ‐ Raw data 2015 Courtenay IP Survey ‐ Zonge Logistics Report SUMMARY This report describes the background information, and exploration & evaluation work conducted by New Hope Exploration (NHE) on EPM19508: Courtenay West during the twelve-month period from 28 May 2015 to 27 May 2016. The Courtenay tenement is deemed to have the potential to host Iron Oxide Copper Gold (IOCG) and Broken Hill Type (BHT) mineralised systems. It should be noted that EPM19508: Courtenay West and the adjoining EPM18581: Courtenay tenement is regarded by New Hope Group (NHG) as one project. The primary focus of NHE’s exploration program for 2015-2016 was to: • Complete negotiations with landholder’s for Conduct & Compensation Agreements; • Conduct site reconnaissance, cultural heritage clearance and site preparation activities in advance of the on-ground exploration program commencing; and • Carry out an exploration program of near surface geophysical surveying to better delineate future exploration targets. LOCALITY EPM19508: Courtenay West is located approximately 45km north-north-east of Cloncurry in northwest Queensland. It lies contiguous to NHE’s tenement EPM18581: Courtenay. MAP SHEETS The relevant 1:100000 map sheet can be downloaded from the Queensland Government Department of Natural Resources and Mines - Queensland Spatial Catalogue. TABLE 1 - QUEENSLAND GOVERNMENT MAP SHEETS REFERENCE Map Sheet Name Map Number Cloncurry 7056 COMMODITIES The principal commodities being sought are gold, silver, copper, lead and zinc. The exploration models for the tenement are Iron Oxide Copper Gold (IOCG) and Broken Hill Type (BHT) mineralised systems. TECTONIC UNIT This project area is located in the Carpentaria Basin, with the target basement rock interpreted to be the Soldiers Cap Group, Corella Formation and Toole Creek Volcanics. AGE The basement rock is of Paleoproterozoic age. STRATIGRAPHY The basement sequence varies from lower greenschist to amphibolite facies metamorphism, and underwent complex deformation in multiple events at around 1570-1530Ma. Subsequent intrusion of large granitic bodies and lesser diorites took place during the latter stages of the deformational period between approximately 1530-1500Ma. These later thermal events have been linked to the occurrence of copper-gold mineralisation in the district by many researchers. KEY WORDS Exploration, Carpentaria Basin, Courtenay Project, IOCG, Iron, Oxide, Copper, Gold, Mineralisation, BHT, Broken Hill, Ernest Henry, Soldiers Cap Group, Corella Formation, Toole Creek Volcanics. TENURE In 2012, New Hope Exploration Pty. Limited applied for a total area of 7 (seven) sub-blocks (Table 2) situated in the Cloncurry region of North West Queensland, 770km west of the city of Townsville via the Flinders Highway. The permit allows for the exploration of all minerals other than coal (AMOC). The sub-blocks of EPM 19508 are contiguous, and the centroid of the EPM area lies about 25 kilometres north-north-east of Cloncurry. On the 28th of May 2013, the Minister for Natural Resources & Mines granted NHE the exploration permit to explore for all minerals other than coal. The adjacent EPM18581: Courtenay was granted on 28th January 2012 for a period of five years and both tenures are recognised by NHG as the greater Courtenay Project area. A list of the current 7 sub-blocks for EPM19508 can be found in the below table. BIM Block Sub-Blocks Number CLON 465 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ W X Y ‐ 3 CLON 466 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ W X ‐ ‐ 2 CLON 537 ‐ B ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1 CLON 538 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Q ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1 Total Number of Sub‐Blocks: 7 TABLE 2 - LIST OF SUB-BLOCKS LOCATION AND TENEMENT ACCESS EPM19508: Courtenay West is located approximately 45km north-north-east of Cloncurry in northwest Queensland. It lies contiguous to NHE’s EPM18581: Courtenay (Figure 1). The tenement is location close to the Ernest Henry Mine, a copper and gold mining and processing operation that began commercial production in March 1998 as an open pit mining operation. The Courtenay region is located in a summer dominant rainfall zone, and experiences the effects of the monsoon trough across this flat-lying flood country between December and March. Vehicular access to EPM19508 is via Flinders Highway, and unsealed station access tracks. Prior access to the tenement has been granted using the Ernest Henry haul roads (subject to condition). The current tenement area is utilised for cattle grazing and breeding land. FIGURE 1 - LOCATION MAP EXPLORATION BY NEW HOPE EXPLORATION EXPLORATION RATIONALE Exploration at the Courtenay Project area by New Hope Group conceptualised from historical exploration activities, proximity to known viable mineral deposits, regional geology, the availability of valuable open