just posted this on the asx thread and copied it to here for easy reference.....maybe with the recent Wallal Downs Prospect ( iron ore)and its excellent access and infrastructure they will be focussing more on the iron ore with it's bright future emerging..?
Gondwana Resources (GDA)have high Fe results in the partnership with Cazaly in the parker ridge area ( 60km south of the Perth -Kalgoorlie rail) but the info below might be of interest to illustrate the large tenements and applications they have in and around locations in the North West of western Australia in the pilbara area. ( north east of fortescue, FMG, and flinders, FDL, and South of Marble Bar and Argyle Diamond mine) . They have also announced acquisition of Wallal Downs prospect with a 25km strike length with significant anaomoly . Iron the target ?(see the Media release 19 nov 07). The overview is a bit dated but their 31Oct 07 quarterly report doesn't tell the Pilbara story below. Their price is that of a spec (1.3 c) but the tenements are...........well.....have a look below .......I have a lot more research to do so can't add much more at this stage. I have some GDA, GDAOB and GDAOC. To see the map of their tenements you'll have to go to their web site and the east pilbara overview.
East Pilbara overview from the Gondwana website....
www.gondwanaresources.com
East Pilbara Project
East Pilbara Overview
In the East Pilbara, approximately 2,000 sq km of prospective tenements and applications are held, subject to a 10% carried interest by Adelaide Prospecting. The tenement holdings host a large number of advanced targets including extensive gold anomalies, a diamond bearing kimberlite dyke, copper - zinc anomalies and tantalum mineralisation. During the year the Company announced an agreement to spin-off these tenements into a new company, Montezuma Mining Corporation Limited. The agreement was subject to certain conditions that were not satisfied and as a result the original agreement will not proceed.
However, Gondwana believes that the best option for the funding and expeditious exploration and development of the East Pilbara Project may be through a separately listed company. Accordingly, the company is considering its own plans to spin off the tenements into Montezuma. If the spin off occurs, Gondwana shareholders will have a priority right to subscribe to shares in the new offer.
The tenements provide an extensive coverage of several greenstone belts containing indications of gold and copper – zinc mineralisation. This includes 70km of the Coongan Greenstone Belt, extending south from Marble Bar. The Marble Bar district has a gold endowment (production plus resources) in excess of 600,000 ounces of gold, indicating promise for commercial discoveries in the remainder of the belt.
The Company has compiled a large database of geochemical and drilling data from previous exploration in the region, covering 30 years from the 1970s to 1990s. This includes analyses from stream sediment samples (>4000 samples), surface soil samples (>7500 samples), rock chips (>2600 samples) and drilling (47 holes). A large number of drill targets for gold have been generated.
A brief summary of the various East Pilbara projects follows.
Tenement Locality Plan of the East Pilbara Projects
Nullagine North Prospect
The project area covers the Mosquito Creek Formation, which hosts extensive gold workings to the south and east. While primarily a high grade gold-antimony target, the area is also considered prospective for diamonds, with some 70 diamonds having been recovered in gravel beds proximal to the tenement.
Baroona Hill Project
Baroona Hill is prospective for both gold and base metal mineralisation within a greenstone belt where copper and copper-molybdenum occurrences have been recorded. A substantial copper–molybdenum–tungsten soil anomaly has been identified by previous explorers and will be an early target upon grant of the tenement.
Brockman Dyke Project
The project covers approximately 15 km of the known 20 km extent of the diamondiferous (kimberlitic) Brockman Creek Dyke. Previous drilling and bulk sampling have recovered both microdiamonds and macrodiamonds within the dyke. The company aims to test along the extensive strike length for areas of increased grade and width. Other potential targets include near-surface accumulations over deeply weathered kimberlitic material. An extensive diamond database from previous large company exploration provides a ready start for follow up work.
Coongan Belt Prospect
The Coongan Belt Prospect extends south from Marble Bar, covering 70 km of strike following a greenstone sequence considered prospective for both gold and copper-zinc mineralisation. The tenements surround small prospecting licences hosting gold workings at Shark Gully and Eidelweiss. Historic data reviews show a large number of copper-zinc and gold anomalies within Gondwana’s tenement areas that are untested by drilling. Stream and rock-chip sampling results are particularly encouraging. Better results include 17 rock chip samples ranging from 3 to 66 g/t gold.
In addition to strongly anomalous geochemistry, significant gold nugget discoveries have recently been made about the old Shark Gully gold workings. Some of these discoveries have been to the west and east of the workings within Gondwana’s ground, where alluvial transport from the known workings is unlikely. There remains potential for undiscovered hardrock gold mineralisation associated with the nugget discovery.
Copper Hills South Prospect
The prospect covers a volcanic–sedimentary sequence south-east of Marble Bar and is considered prospective for copper-zinc mineralisation. The rock types and style of mineralisation are regarded as analogous to those at the substantial Panorama copper-zinc deposits, 120 km to the north-west. Evaluation of previous exploration has revealed a coincident copper - lead - zinc anomaly from stream sediment geochemical sampling. The anomaly occurs within the western part of the tenement in the vicinity of the recorded Ruarts copper mine (within the tenement) and Kelly’s copper-silver mine (excised).
Western Shaw Project
The Western Shaw project within the Shaw granite batholith covers late stage granite bodies and associated pegmatites, prospective primarily for tantalum similar to the large Wodgina Tantalum Mine, located 90km to the north-west. The Trigg Hill – Curlew region in the north of the Shed Well tenement is a particular target, hosting historic tantalum mines which although small as presently known, are of similar style and grade to Wodgina.
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