Critical Minerals Australia -
Figtree Creek and Lorena Surrounds Project
CMG 1: Figtree Creek Project
Copper and Gold
EPM 27998
The Figtree Creek project is a 70km² tenement in northwest Queensland located near the town of Cloncurry.
The project has several Rock Chip samples, Soil samples and Stream Sediment samples showing anomalous Copper and Gold assays and is located directly south of the Great Australian Mine and has a historical Mining Lease within the tenement. The project also indicates magnetic anomalies, with an anomaly in the south similar to that of the Great Australian Mine.
Existing surface samples show the area has clean energy minerals such as copper and gold anomalous results in:
• Stream sediment samples: Au 3.85g/t NE portion, AU 1.9g/t and Cu 70ppm centre portion, Au 4.95g/t and 1.25g/t in the southern portion.
• Soil samples: Cu 234ppm (0.0234%), Cu 416ppm (0.042%), Cu 199ppm (0.02%) in the NE portion.
• Rock chip samples: @ Cu70ppm, Cu105ppm NW portion, 82ppm NE portion.
Location and Infrastructure
The Figtree Creek Project (EPM 27998) covers a large area of approximately 70km² located approximately 5Km’s South of Cloncurry in the north-western region of Queensland. This is a prominent spot for critical minerals Australia wide.
Located within the Mt Isa and Northwest minerals province, the Project is surrounded by advanced Copper and Gold projects and mines. The clean energy minerals produced by these Projects include the Great Australian Mine just 3km to the North of Figtree Creek. The Great Australian Mine contains a JORC resource of 1.68Mt @ 2.29% Cu and 0.23g/t Au.
The Project is located only a few kilometres from the main infrastructure corridor of the Flinders Highway and the Great Northern Railway line. This makes the mining of critical minerals Australia wide possible with all essential services and facilities nearby.
Power – Grid Power Access.
Rail System – The nearest railway is situated within a few kilometres of the project area.
Roads – Northwest Qld has an excellent network of roads, and the main surrounding roads are asphalt.
Water –Available Surface water
Port – The port of Abbot Point is accessed via road and rail.
Clean Energy Minerals -
Our Potential Resource
• Stream sediment samples: Au 3.85g/t NE portion, AU 1.9g/t and Cu 70ppm centre portion, Au 4.95g/t and 1.25g/t in the southern portion
• Soil samples: Cu 234ppm (0.0234%), Cu 416ppm (0.042%), Cu 199ppm (0.02%) in the NE portion
• Rock chip samples: @ Cu70ppm, Cu105ppm NW portion, 82ppm NE portion
Project Geology
Figtree Creek project lies along the prominent north-south trending Cloncurry fault, which separates the Marimo basin in the west and the Snake Creek anticline in the east in the southern part of the Cloncurry mineral province, NW Queensland.
The project hosts prospective rocks of the Mary Kathleen Group including Staveley Formation sandstone and siltstone and Corella Formation calc-silicate, limestone and marble as well as large areas of Corella Formation breccias in the eastern part of the applied ground. The area also shows strong structural complexity where both north-south trending and east-west trending folds overprint each other making it an applicable site for mining critical minerals Australia wide.
Three sets of regional faults occur in the outcropped areas, i.e. north-south, northwest-southeast and northeast-southwest. Reactivation of these north-south faults during deformation and where these intersect with cross faults is considered optimal for clean energy minerals such as iron oxide copper-gold (IOCG) mineralization.
Most of the area is under alluvium and colluvium which is believed to have masked the discovery of any outcropped mineralization in the past.
CMG 1: Lorena Surrounds Project
Copper and Gold
EPM 27999
The Lorena Surrounds project is a 51km² tenement in northwest Queensland located near the town of Cloncurry
The project consists of three discrete groups centred approximately 15km east of Cloncurry in northwest Queensland and is situated in the Pumpkin Goldfield in which both the Lorena gold mine (about 200,000t @8.4g/t Au for 56,600 oz Au as of 2013) and the Gilded Rose gold deposit (143,500t@ 4.2g/t Au for 19,400 oz Au as of 2010) is located.
The western group abuts the Lorena mining leases immediately to the east, whilst the southern group of this application is less than 2 km from the Lorena mine pit in the west. The northern group is located to the immediate south of Glencore’s Mt Margaret copper mine (55Mt @ 0.77% Cu and 0.23g/t Au) operated from 2012 to 2014.
The project has three historic drill holes in the western group. Hole 2 in the program intersected 13m@ 0.20% Cu and 0.11g/t Au from 169m. Hydrothermal veins and breccia were observed, and feldspar-quartz-calcite alteration and coarse dissemination of magnetite were logged in sheared meta-dolerite rocks on the drill core. This is an encouraging result to see the efficacy of clean energy minerals and shows an analogy to the typical IOCG mineralisation in the region to support the mining of critical minerals Australia wide.
Location and Infrastructure
The Lorena Surrounds Project (EPM 27999) covers an area of approximately 51km², located approximately 15Km’s East of Cloncurry in the north-western region of Queensland.
Located within the Mt Isa and Northwest minerals province, the Project is surrounded by advanced Copper and Gold projects and mines, including:
The Lorena gold mine (approx. 200,000t @8.4g/t Au for 56,600 oz Au as of 2013)
The Gilded Rose gold deposit (143,500t@ 4.2g/t Au for 19,400 oz Au as of 2010)
Glencore’s Mt Margaret copper mine (55Mt @ 0.77% Cu and 0.23g/t Au).
The Project is intersected by the main infrastructure corridor of the Flinders Highway and the Great Northern Railway line and all essential services and facilities producing clean energy minerals.
Power – Grid Power Access.
Rail System – The nearest railway is situated within a few kilometres of the project area.
Roads – Northwest Qld has an excellent network of roads, and the main surrounding roads are asphalt.
Water –Available Surface water
Port – The port of Abbot Point is accessed via road and rail.
Clean Energy Minerals -
Our Potential Resource
Hole 2 in the program intersected 13m@ 0.20% Cu and 0.11g/t Au from 169m. Hydrothermal veins and breccia were observed, and feldspar-quartz-calcite alteration and coarse dissemination of magnetite were logged in sheared meta-dolerite rocks on drill core. This is an encouraging result and shows an analogy to the typical IOCG mineralisation in the region.
Project Geology
Lorena Surrounds project is characterized by structural complexity and multi-staged deformation. The three discrete blocks in the project correspond to three different synclines, i.e., Cloncurry Syncline, Pumpkin Gully Syncline and Oonoomurra Syncline from the west to east.
The regional stratigraphy is dominated by the Mt Norma quartzite and Toole Creek volcanics of the Mid-Proterozoic Soldiers Cap Group and the Corella Formation calc-silicate of the overlying Mary Kathleen Group. North-South, North-East and North-West striking faults and shear zones are evident, where they intersect; dilational jogs could have been created to facilitate fluid flow and subsequent precipitation of metals from hydrothermal solutions. Reactivation of these north-south faults during deformation and where these intersect with cross faults is considered optimal for clean energy minerals such as iron oxide copper-gold (IOCG) mineralization.