Koleit Um QUARAYAT
– Gold (Gippsland 50%)
Location
The prospect is situated on the northern
side of Wadi Allaqi at Latitude 22°32' 5"
N and Longitude 33°24' 11" E some
5km to the southeast of the Company's Um
Garayat deposit.
Previous exploration The prospect is centred on an electromagnetic (EM) anomaly detected during a regional airborne survey during 1968. The position of the anomaly was confirmed by ground electrical surveys in 1972. A single diamond drill hole of 215.95m was drilled in 1974 but no assays were reported. Limited surface sampling returned gold values in the range of <0.02 to 1.4g/t.
Geologic setting The prospect is located in an area of felsic to intermediate rocks (dacite and andesite) which have been intruded by granodiorites.
Mineralisation
A concentric arrangement of alteration zones is located in close proximity to the EM anomaly which is similar to those found associated with some styles of copper-gold deposits. The most intensely altered rocks are characterised by the presence of pyrophyllite and biotite.
Exploration Exploration will initially consist of detailed structural mapping followed by RAB drilling of the alteration zones to obtain geochemical samples. This will be followed by deeper RC drilling to test the geochemical anomalies and the previously identified IP targets.
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