Epm 15426 “Gooroolba”
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EPM 15426 “GOOROOLBA” RELINQUISHMENT REPORT 2008 J Stacpoole, C Hunter & S Chan 2007 XTREME RESOURCES LTD. ABN 14 120 236 142 EPM 15426 Gooroolba RELINQISHMENT REPORT 2008 Author: J Stacpoole, C Hunter & S Chan Date: APRIL 2008 Holder: Xtreme Resources Ltd Commodities: Gold, base metals 1:250 000: Maryborough (SG 56-06) 1:100 000: Mount Perry (9247) Gayndah (9246) Distribution: Department of Mines & Energy Xtreme Resources Limited EPM 15426 “Gooroolba" – Relinquishment Report 2008 TABLE OF CONTENTS SUMMARY ...................................................................................................................................... 4 1.0 INTRODUCTION ................................................................................................................. 5 2.0 LOCATION AND ACCESS................................................................................................. 5 3.0 TENURE .............................................................................................................................. 6 4.0 REGIONAL GEOLOGY ...................................................................................................... 7 5.0 PROJECT GEOLOGY ........................................................................................................ 7 6.0 PREVIOUS EXPLORATION .............................................................................................. 7 6.0 WORK COMPLETED ....................................................................................................... 25 TABLES Table 1 EPM 5426 “Gooroolba” – Graticular Units Appendix1; Details of previous exploration within the EPM are contained in appendix 1and are summarized as follows, EPM 15426 “Gooroolba" – Relinquishment Report 2008 SUMMARY EPM application “Gooroolba” is the Greenfields leases of Xtreme Resources Limited’s Burnett Gold- Copper Project. The Burnett Project currently consists of four separate tenements totalling 138 km² located near Monto in southeast Queensland. The project includes the Yarrol and Mount Steadman gold prospect areas. This application is contiguous with EPM 12834 “Mount Steadman” also held by Xtreme Resources Ltd. The style of gold mineralisation sought in all areas is of the intrusive-related, IRG, Permo Carboniferous Intrusives. The project area falls within the northern New England Fold Belt, which consists mostly of a complex volcanic arc - continental margin succession related to a Carboniferous subduction complex. The subduction complex underwent extension with a period of compressive easterly-directed thrusting in the Late Permian. Granitoid emplacement accompanied the extensional events as well as extensive Triassic volcanism. North-northwest shears, such as the Perry Fault and northeast cross-cutting faults, dominate the structural framework. Overprinting this regional fabric are north-trending faults, which exhibit a strong spatial relationship with Permian to Triassic mineralisation. Several Late Permian to Cretaceous age porphyries of the New England Fold Belt occur in relatively narrow zones roughly parallel to the Perry Fault. Host intrusives range from quartz diorite, granodiorite to granite/rhyolite composition. Multiple intrusions, breccias and pebble dykes are common. Mineralisation ranges from copper, copper/gold to gold. The largest copper porphyry in the region is Coalstoun (85 million tonnes grading 0.3% copper). Mount Rawdon, a large breccia pipe, (1987 resource estimate of 22 million tonnes grading 1.2 g/t gold and 4.2 g/t silver) is currently being mined. EPM 15426 “Gooroolba" – Relinquishment Report 2008 1.0 INTRODUCTION Exploration Permit for Minerals (EPM) 15426 “Gooroolba” was acquired by Xtreme Resources to explore mainly for gold but also base metals. The tenement forms part of Xtreme’s Burnett Gold Project. 2.0 LOCATION AND ACCESS Exploration Permit for Minerals (EPM) 15426 is located 25km west-northwest of the regional centre of Biggenden in Southeast Queensland Main access to the area is via the Mt Perry - Gooroolba road, with internal access by secondary roads and farm property tracks. The tenement is centred on about 25° 27' S, 151° 49' E. The area lies on the Mount Perry (9247) 1:100 000 sheet which forms part of the Maryborough (SG 56-06) 1:250 000 sheet. The area is essentially used for cattle grazing. Figure 1 EPM 15426 and area Topography. EPM 15426 “Gooroolba" – Relinquishment Report 2008 Figure 2. Goorollba with 1:100,000 topography sheets 3.0 TENURE (EPM) 15426 “Gooroolba” of 100 sub-blocks was granted to Diatreme Resources Limited on 15 May 2006 for an initial period of five years. Diatreme Resource limited have assigned 100% interest to Xtreme resources Limited on 7 February 2007. The area is described in Table 1 below. Table 1 : (EPM) 15426 “Gooroolba” – Graticular Units Current BEFORE Relinquishment Sheet Block Sub-blocks BRIS 1173 R S T U W X Y Z BRIS 1174 Q R V W BRIS 1245 C D H J N O S T U X Y Z BRIS 1246 D E Q R S T U V W X Y Z BRIS 1247 J O P Q R S T U V W X Y Z BRIS 1248 L Q V BRIS 1317 C D E H J K P U Z BRIS 1318 A B C D E F G H J K L M N O P Q R S T V W X Y BRIS 1319 A B C D E F G H J K L M N O BRIS 1320 A F EPM 15426 “Gooroolba" – Relinquishment Report 2008 Figure 3 EPM 15426 Sub Blocks BEFORE Relinquishment. 4.0 REGIONAL GEOLOGY The area falls within the northern New England Orogen which is mostly comprised of a complex volcanic arc - continental margin. The Carboniferous subduction complex underwent extension with a period of compressive easterly-directed thrusting in the Late Permian. Granitoid emplacement accompanied the extensional events as well as extensive Triassic volcanism. The structural framework is dominated by NNW linears (subduction parallel), such as the Mt Perry Fault, and NE linears. Overprinting this regional fabric are N-oriented linears which exhibit a strong spatial relationship with Permian-Triassic mineralisation. 5.0 PROJECT GEOLOGY EPM application “Gooroolba” is intended to form part of Xtreme Resources Limited’s Burnett Gold-Copper Project. The style of gold mineralisation sought in all areas is of the intrusive- related type and may be described as porphyry mineralisation. The project area falls within the northern New England Fold Belt, which consists mostly of a complex volcanic arc - continental margin succession related to a Carboniferous subduction complex. The subduction complex underwent extension with a period of compressive easterly- directed thrusting in the Late Permian. Granitoid emplacement accompanied the extensional events as well as extensive Triassic volcanism. North-northwest shears, such as the Perry Fault and northeast cross-cutting faults, dominate the structural framework. Overprinting this regional EPM 15426 “Gooroolba" – Relinquishment Report 2008 fabric are north-trending faults, which exhibit a strong spatial relationship with Permian to Triassic mineralisation. Several Late Permian to Cretaceous age porphyries of the New England Fold Belt occur in relatively narrow zones roughly parallel to the Perry Fault. Host intrusives range from quartz diorite, granodiorite to granite/rhyolite composition. Multiple intrusions, breccias and pebble dykes are common. Mineralisation ranges from copper, copper/gold to gold. Alteration is typically quartz-pyrite-sericite assemblages, which grade outward to chlorite-clay zones. Potassic (biotite) cores are present sometimes. The Chowey Granite appears pink with minor quartz veining in hand specimen. Coalston Lakes About Here to the South Figure 4 Project Geology EPM 15426 “Gooroolba" – Relinquishment Report 2008 Circular Structures Prospects Nth Structure Intrusive? 1,2,3,4 Figure 5. Gooroolba Land sat TM and geo Line work with unit ages. Note Prospects (Brown circles) Circular structures, Nth trending structures. EPM 15426 “Gooroolba" – Relinquishment Report 2008 Th Rich 5 N-S K 6 K Anomaly structure Target Th Depleted EPM 15426 “Gooroolba" – Relinquishment Report 2008 Figure 6. Gooroolba Radiometrics RGB with linework and unit ages. EPM 15426 “Gooroolba" – Relinquishment Report 2008 ECONOMIC GEOLOGY Rock Chips – Low Au Figure 7. Gooroolba Rock Chip samples Au & Mineral locations- stars No soil sample programs are recorded in the digital open file data. No drill holes are recorded in the terra search data base, or water bore holes in the Australian Regional 1:250,000 topography. Fiver Water Mills were evident within the lease. The lower unit of the Gympie Group is known as the Biggenden Beds and hosts the Ban Ban zinc lod, a metasomatic replacement type depost, south of the Gooroolba EPM. The Mingo Granite varies from a muscovite-biotite granite to a biotite granodiorite and migmatite. The Chowey Granite is dominantly a hornblende-biotite granite. This granite complex is strongly associated with several Au+Ag/Bi/Mo prospects of the Chowey goldfield, in particular Mt Steadman. Triassic intrusive include an undifferentiated Early to Middle Triassic intrusive complex and the Degilbo Granite. This undifferentiated intrusive complex composed of hornblende diorite to tonalite, quartz monzonite and quart diorite, dominantly outcropping in the Walla Range are. This complex hosts the Coalsoun porphyry Cu prospect. EPM 15426 “Gooroolba" – Relinquishment Report 2008 8 9 Weak Au Anomaly 7 10 0 11 Figure 8. Stream Sediments Au ppb Light blue is 0-10 ppb Au. Note Gold anomaly’s 7-11 EPM 15426 “Gooroolba" – Relinquishment Report 2008 12 13 14 Figure 9. Stream Sediments Mo % Dark Blue is 0.1% to 0.5% Mo 12 – 14 EPM 15426 “Gooroolba" – Relinquishment Report