Meekatharra VMS Project
Located ~55km south of Meekatharra in the Eastern Goldfields of Western Australia
The Meekatharra Project, E51/1556, is located ~55km south of Meekatharra in the Eastern Goldfields of Western Australia. The Project is underlain by a sequence of mafic and felsic volcanics, which host a number of VMS base metal prospects and deposits, within and adjacent to E51/1556, including the Austin VMS deposit, located within an excised licence in the southern-central part of the project area and the Murchison Wonder, Tasman and Flinders prospects to the northeast. (see Figure 1.)
The Austin VMS deposit contains a reported mineral resource, comprising Measured, Indicated and Inferred categories of 1.48 Mt at 1.02% copper, 1.39% zinc, 3.51 g/t silver and 0.25 g/t gold, prepared in accordance with the JORC (2004) Code (see Caravel Minerals Limited ASX announcement 6/4/2010).
Figure 1. Meekatharra Project – VMS deposits and prospects on GSWA 1:500,000 Geology
Exploration during the past year by GTI Resources has comprised reprocessing and interpretation of recently acquired airborne VTEM electromagnetic data and reconnaissance field investigations. The reprocessed VTEM data covers the entire project area and includes additional VTEM data covering prospective lithologies, along strike and to the north of the Austin VMS deposit.
Reprocessing and interpretation of the VTEM data identified two new potential electromagnetic anomalies One conductor located ~5km northeast of the Austin VMS deposit and the other, a shallow, weakly conductive feature overlying a deeper magnetic unit to the north of the Austin VMS deposit (see Figure 1.)
Exploration by earlier workers identified two other VMS prospects within the Meekatharra Project, the Defiance and 4E prospects, which have returned anomalous copper and zinc results, including 4m at 0.18% copper, 8m at 0.34% zinc and 10m at 0.23% copper, from first pass drilling completed during 2010 (see Emu Nickel NL. ASX announcement 13/10/2010). Exploration of these two prospects is at an early stage, with only three RC drill holes, to a maximum depth of 252m, having been completed.
These two prospects and the recently identified VTEM anomalies north of Austin are the focus for the Company’s on-ground exploration programs during 2019-2020. The programs are targeted at discovering Volcanic Massive Sulphide (“VMS”) style base metal mineralisation.
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GTI Resources Ltd
89 St Georges Terrace,
Perth, WA 6000
PO Box Z5187
Perth WA 6831
+61 (0) 8 9226 2011