Read the following from IOCG Signatures.....
Figure 6 shows the result of geoprocessing scripts used to identify gravity and RTP-TMI anomalies within a spatial separation no greater than 1,000 m. Removing non-coincident anomalies reduces the IOCG search space from 10,259 gravity and 39,047 magnetic features to 8,510 gravity and 20,345 magnetic features. The anomaly polygons in Figure 6 are coloured according to the magnitude of the feature, with darker shades representing higher magnitude features. A spatial overlay analysis of known IOCG occurrences in the Olympic Cu–Au Province indicates 62.5% are within high-magnetic features, 51.9% are within high-gravity features, but 96.2% are within 1,000 m of a magnetic anomaly that has an associated gravity anomaly (within 1,000 m). Based on these statistics, coincident magnetic and gravity features within 1,000 m of each other is deemed a robust signature of most IOCG deposits.
Now read comments from the Announcement.
Highlights
The Camel Creek Prospect is defined by outcropping mineralisation (mainly as malachite) at Ningaloo and Sunset Boulevard.
3D modelling has shown that the outcropping mineralisation at Sunset Boulevard is underlain by coincident gravity and magnetic anomalies.
Sounds Familiar and Olympic Dam is not that far away so why wouldn't the terrane be same.
The article is on South Australia and NT isn't far away just over the state boarder so typically the theories could be same.
ICG Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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