- Host to a swarm of up to 10 m thick gold-bearing veins and stockworks
- Initial reconnaissance prospecting and surface sampling conducted in 2013 returned encouraging grades
- Image analysis has identified large, potential gold-bearing targets
- Detailed sampling is planned for 2020
Boodalyerrie is Pacton’s most easterly Pilbara tenement. In addition to encouraging historic prospecting results, analysis of satellite image data indicates large areas of alteration within the vicinity of the large quartz veins. This is interpreted as representing a stockwork of smaller, nested vein systems that present excellent, large, pervasive gold-bearing targets.
The Boodalyerrie tenement also contains over 20 km of strike length along the contact of Fortescue Group rocks that unconformably overlie the tonalite pluton. The Fortescue Group Mount Roe formation and the directly overlying Kylena basalt are present. Geological relationships indicate that the emplacement of the quartz veins precedes the deposition of the Mount Roe formation. Consequently, the vein system is interpreted to extend under the Mount Roe formation.
The initial 2020 Boodalyerrie exploration program will include detailed sampling over the entire tonalite pluton, with emphasis on the large alteration patches. Preliminary planning for a targeted drill program is underway for currently identified targets and will include expansion for additional targets identified by the sampling program.
Dale Ginn, P.Geo., has approved the information contained on this web page. Mr. Ginn is Executive Chairman and a director of the Company and a Qualified Person pursuant to National Instrument 43-101. The qualified person has not yet verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure.