The Company holds a 67 ha mining lease (ML) at the Cardross mining camp. The tenement secures a 1.6 km strike length of historic gold, copper and silver mines and shallow workings. This mineralisation extends well beyond the ML to the north-east and the south-west, with sub-parallel zones to the west and south.
To cover this potential and other extensive areas of copper-precious metal mineralisation, the Company also holds holds or has under application 359 sq km of Exploration Permits (EPM)
surrounding the ML.
The tenements strategically cover coincident known and partially worked mineralisation, alternate haloes, and geophysical anomalies (airborne), located at the intersection of major regional structural trends known to be associated with other mineral deposits in the district.
Metal association and trace element geochemistry are
consistent with a porphyry Cu-Au signatures. Magnetic lows and radiometric highs are also indicative of intrusive sources for mineralisation at depth.