MinRex Resources Limited (ASX: MRR) has engaged consultants Keystone Gold Pty Ltd to conduct a field programme on the five exploration tenements the company is moving to acquire a 70% interest in located in the Pilbara region of Western Australia.
After reviewing historical workings, public records and consulting with MinRex, Keystone will begin by orientating themselves at the Dalton’s Creek area and the Norm’s Find region.
MinRex Non-executive Chairman, Dr James Ellingford, said this will enable them to conduct prospecting activities at what they deem to be the most highly prospective areas to target for alluvial gold and conglomerate hosted gold potential.
Dr Ellingford said that there are some historical workings at some of the project areas, including some historical rockchip samples of 30g/t Au (Norm’s Find) and 1.28g/t Au.
These historical workings and records have been assessed by MinRex and Keystone to help identify where to target during the seven day trip to the tenements.
Dr Ellingford said the field programme is the first step for MinRex to begin assessing the tenements potential for both alluvial and conglomerate gold.
“This programme is an essential step for identifying which tenements we should focus on gold potential in one of the most prospective gold regions in the world today. Recent announcements by Novo Resources Corp, Haoma Mining NL and Artemis Resources Ltd show they continue to view the Pilbara region positively for discovering an economical gold deposit on their projects.” Dr Ellingford said.
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The Bamboo Creek, Marble Bar and Daltons projects MinRex is acquiring interests in are strategically located adjacent to projects owned by Haoma Mining NL, which recently announced the presence of gold-prospective conglomerate horizons similar to those of the Witwatersrand in South Africa. These were found within the Fortescue Group in their project areas at Bamboo Creek and Marble Bar.
The Bamboo Creek project area is also adjacent to the large Spinifex Ridge (Coppin Gap) porphyry copper–molybdenum deposit.
Dr Ellingford said the presence of the basal Mount Roe Basalt of the Fortescue Group within the Marble Bar project area is significant for its gold potential.
All of the project areas to be acquired contain old gold workings, while there is also Mount Roe Basalt either within the tenements, as at Marble Bar, or within the vicinity.
Dr Ellingford said MinRex will be focussing on the gold deposits as a potential source for associated conglomerate-hosted gold deposits that may be Archean, Proterozoic or more recent in age. The proximity of Fortescue Group rocks to the project areas also raises the possibility of outliers or previously unrecognised Fortescue Group basal conglomerates within the project areas.