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Webb
Meteoric has established a significant landholding in
two farmin joint ventures in the Webb area of the West
Arunta region of WA. Field work by the Geological
Survey of WA has identified the area as being
prospective for iron oxide-copper-gold (IOCG)
mineralisation. Meteoric has identified four IOCG
targets using regional aeromagnetic and gravity data.
Detailed aeromagnetic surveys have been completed over
all of these targets, with detailed gravity surveys
completed over two of the targets to date and gravity
surveying over the remaining two targets planned for
this year.
Webb Location
Webb Aeromagnetics and IOCG Targets
An attractive near coincident magnetic-gravity anomaly
was identified at target T1 adjacent to a small
ferruginous copper-anomalous outcrop in a sand covered
area. A 604m diamond drill hole into this target
intersected a sequence of quartz-biotite schists and
amphibolite with occasional silica-hematite alteration
and disseminated magnetite, with a best assay result of
5m @ 0.04% Cu from 190m. Modelling of magnetic
susceptibility and rock density data is being completed
prior to undertaking any further drilling at T1.
Modelling of gravity and magnetic data over the T2
target is currently in progress.
Barkly
The Barkly JV with Emmerson Resources Ltd covers the
southeast extension of the Tennant Creek Mineral field
(production history: 5Moz of gold and 350,000t of
copper). Meteoric has carried out an extensive programme
of magnetic and gravity surveys followed by geochemical
sampling.
The sampling defined a 600m-long bedrock copper anomaly,
open to the east, along strike from the shallow,
historical Bluebird gold workings. Limited follow up RAB
intersected 8m at 1.0% Cu and 0.3g/t Au from 72m at end
of hole. Further follow up of these encouraging results
is being planned.
Meteoric has earned a 70% interest in the project and
has elected for Emmerson to earn a majority intent by
sole funding the next stage of exploration.
Warrego North
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This project is situated immediately north of
the largest mine in the Tennant Creek mineral
field, the Warrego mine (production history:
1.3Moz of gold and 91,500t of copper). Meteoric
has completed magnetic and gravity surveys and
follow up drilling on several target areas,
focusing on the Parakeet prospect where best
intercepts were 4m at 0.3% Cu from 219m, 2m at
0.2% Cu, 0.2g/t Au and 0.3% Bi from 198m and 5m
at 0.5% Cu from 154m.
The Warrego North tenements have been farmed out
to Sipa Resources which is currently carrying
out surveys on its adjacent tenements prior to
assessing the targets on the Meteoric tenements. |
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