NT Minerals Limited (ASX: NTM) has announced it has entered into an agreement for an exploration and ownership opportunity in the Archaean Yilgarn Craton of Western Australia.
The agreement with 10M Pty Ltd presents a low-cost opportunity to acquire an asset covering an entire Greenstone belt, which is considered prospective for copper, lead, zinc, and gold mineralization.
NTM managing director Rodney Illingworth commented, “The agreement with 10M provides an exciting opportunity for the company to explore for copper and other minerals in the mid-west of WA with a very low entry cost. We will review historical studies and commence fieldwork to validate this historical work.”
The Twin Peaks Project is 520km north of Perth and approximately 200km northeast of Geraldton. The opportunity comprises one granted exploration licence (EL59/2408), and one exploration licence application (ELA59/2871), one mining lease (M59/768), and one miscellaneous licence (L59/202), covering 500km2 . The tenements overlie the known extent of the Twin Peaks or Illimbirrie Greenstone Belt, which extends approximately 33km along a northeast trend.
Between 1906 and 1960, historical copper production within the belt is recorded as totaling 85t of copper, averaging 16% copper, derived from small mines, predominantly the Twin Peaks Main Shaft and Ringing Bell Lode, to depths of approximately 100ft.
Previous explorers describe the stratigraphy observed within the project as analogous to stratigraphy hosting the Golden Grove Cu-Zn-Pb-Ag-Au deposit, located 200km to the south-southeast. The stratigraphy at Twin Peaks comprises three west-dipping and facing volcano-sedimentary sequences separated by two basalt sequences, with the entire sequence from east to west comprised of Eastern Volcanic Sequence, Twin Peaks Basalts, Woolbung Volcanic Sequence, Mount Hope Basalts, and Western Sedimentary Sequence.
Further, the company is actively seeking to identify and compile all historical exploration completed over the project area, including the integration, processing and interpretation of geochemical and geophysical datasets. It is also planning to undertake reconnaissance fieldwork to validate historical results.
To find out more, please visit www.ntminerals.com.au
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