South Australian Projects
The Churchill Dam Iron-Oxide Copper-Gold (IOCG) Project is in the Gawler Craton, approximately 20 km west of Woomera and 90 km south west of the giant Olympic Dam deposit in South Australia.
The Project is characterised by a large 170 km² gravity anomaly, beneath sediments of the Stuart Shelf, which has been tested with three diamond drill holes and found to have geology, alteration, and trace element geochemistry consistent with other South Australian IOCG deposits and prospects such as Olympic Dam, Prominent Hill and Carrapateena.
Remodelling of the existing gravity, magnetics and surface geochemistry data has highlighted a discrete drill target approximately 1 km west of historic drill hole CHRCD003. The target is located towards the edge of the local magnetic anomaly and is also coincident with enzyme leach and water leach surface geochemical anomalies.
The Company is actively looking to farmout and sell the South Australian Projects. The recent surge in both Copper and Gold prices has shown new interest in the deep IOCG targets of the Gawler Craton, in South Australia.