I see that Thundelarra Exploration THX and its joint venture partner Panoramic Resources (who ist funding this) are putting a lot of money into their east Kimberley tenements where Cu ahas been found - in an area not too far from Copper Flats:
The Rosewood project is located 90 kilometres south east of Kununurra and secures some 750 square kilometres of tenure within Western Australia and the Northern Territory.
The project covers a large area of the Headley Limestone, a Cambrian aged carbonate sequence overlying the Antrim Plateau Volcanics. The general setting may be analogous to the Michigan copper belt in the USA.
The stratigraphy is folded into a shallow dipping east trending syncline. The project covers much of the northern and southern syncline limbs with a total strike extent of approximately 50 kilometres of the Headley limestone secured.
Copper mineralisation has been reported along the contact zone of these units from limited exploration work carried out in the 1960s and 1970s. The historical exploration also identified copper mineralisation at Copper Flats within the Hardman syncline, currently being explored by Ord River Resources Ltd.
Initial reconnaissance of the Western Australian tenement area has located disseminated copper oxide mineralisation at the base of the Headley limestone. A number of structurally fractured zones with copper rich veining was also identified in overlying limestone. Results from selected sampling of vein material returned up to 13.1% copper and 35.5 g/t silver
A geological review of the project, with acquisition and interpretation of geophysical and remote sensing datasets will commence shortly.
end of extract
From reading later ASX annoucements, it appears that THX now has a joint venture partner Panoramic resources working on this Copper area who are at about the same point of exploration as ORD ie the pre-drilling stage.
cheers
VAN Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
