deposit results due soon and the SP is creeping up
other pending data due is in regard to Mt Vernon (E52/1863) & Collier (E52/1864) Both project areas are situated in the western portion of the Bangemal Basin. Both have structural features of importance and both contain some igneous activity within the sedimentary basin.
Recent geological thought places the igneous activity found within the Bangemal Basin as being part of the Warakurna Large Igneous Province (LIP). The Bangemal Basin has been redefined as the Bangemal Supergroup to include both igneous and sedimentary units. The importance of the identification of a large igneous province is the potential to locate mineral deposits associated with such activity. The emplacement of the igneous units is thought to be by mantle plume activity which can give rise to Cu-Ni-PGE sulphide deposits and giant hydrothermal systems containing mainly copper mineralisation. The exploration program will aim for these types of deposits.
Both project areas are situated in the western portion of the Bangemal Basin. Both have structural features of importance and both contain some igneous activity within the sedimentary basin.
The Mt Vernon project area covers members of the Bangemal Supergroup that have been strongly faulted by two parallel east-west trending structures called the Mt Vernon Fault.
North of the fault is the Kurabuka Formation that consists of micaceous shale, glauconitic sandstone and carbonate lenses with dolerite sills. The ground between the faults is occupied by the Mt Vernon Sandstone and the Ford Creek Shale whilst south of the fault is the Kiangi Formation, a massive laminated quartz arenite. The presence of the dolerite sills and the Mt Vernon Fault are geologic features that fit the Warakurna LIP model.
Past exploration in and around the prospect has located stratabound low grade zinc mineralisation in both the Kurabuka and Kiangi Formations. Both Formations are present on either side of the fault zone and are prime targets in the vicinity of the Fault.
The Collier project area is located some 100km to the east of the Mt Vernon project area. Structurally the project area covers a fold closure which may be the eastern extension of the Glen Ross Anticline. The axial plane of the anticline is west-east thus the dominant strike within the prospect area is north-south, therefore the stratigraphy is younger to the east. The eastern most stratigraphic formation is the Calyie Sandstone and to the west is the Backdoor Formation. These directly correlate to the Mt Vernon Sandstone and the Ford Creek Shale of the Mt Vernon Prospect. Mafic intrusions occupy parts of the sequence
UOG Price at posting:
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