Grant of six new WA tenements

08 September 2007 | 07:32 Code : 15185 Geoscience events
Ord River Resources has been granted six new licences by the Department...

  Ord River Resources has been granted six new licences by the Department of Industry and Resources of Western Australia, covering an area of 1,462sqkm in the East Kimberley and forming part of the company’s Copper Flats project.The new tenements, ELs 80/3773, 80/3783, 80/3786, 80/3787, 80/3788 and 80/3789, increase Ord’s granted licences area within the project to approximately 3,011sqkm.Ord’s Copper Flats project is targeting a series of prospective copper anomalies in the East Kimberley region of Western Australia and the Northern Territory. The company discovered high-grade copper mineralisation at the project in rock chip samples in 2006. Ord’s Stage I Drilling Program at Copper Flats is currently underway and aims to cover three separate drill areas, comprising seven individual targets. Six of the targets are mineralised sand volcanoes and one is a probable mineralised shear zone in basalts running between two sand volcanoes. In Western Australia and the Northern Territory, Ord’s granted tenements cover approximately 3,011sqkm, with the area of tenements under application totalling approximately 2,854sqkm. Ord said its current focus is to target and develop copper resource estimates, with the company’s ongoing regional exploration program aimed at developing further drill targets. The Copper Flats project area is very similar geologically to the Michigan Copper Belt, which produced approximately nine million tonnes of contained copper from numerous deposits over 160 years.

tags: QAZVIN

Your Comment :