from today's $tockhead
The beginning of a large intrusive-related copper deposit
Explorer Great Southern Mining (ASX:GSN) has stumbled upon an anomaly, interpreted to be a porphyry system that could host a large-scale intrusive related gold-copper and/or epithermal gold deposit.
Importantly for GSN, the identification of the anomaly marks an early success of its joint venture with G Ex Australia, a wholly-owned subsidiary of Gold Fields (NYSE:GFI) that is earning a 75% interest in the project by spending $15m on exploration over six years.
The 1750sq km project surrounds the ~1.7Moz equivalent Mt Carlton gold-silver-copper mine near Townsville, northern Queensland.
GSN’s Executive Chairman, John Terpu, was part of the team at Conquest Mining (now Evolution Mining) that discovered the Mt Carlton deposit.
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great southern mining limited
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Ann: Updated - Large Scale IP target identified at Edinburgh Park, page-2
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