The project area flanks a circular gravity anomaly and the edge of the Musgrave Block and major basin margin structure to the north. The Project is proven to contain thick sequences of Giles Complex (prospective for Ni-Cu-PGE) with numerous PGE, Ni-Cu and Au anomalies defined during reconnaissance geochemical sampling.

Exploratory work has now defined five separate geochemical targets, some of which have recently been tested with broad spaced RAB drilling. Much of the project still requires first pass geochemical exploration. Highlights include:

• A coincident PGE and gold anomaly in the west of the project with peak surface geochemical assays of 1g/t gold and 25ppb PGE;
• Strong PGE anomalism of up to 70ppb PGE located during 1.6km x 400m spaced surface geochemical sampling; and
• Multiple low-order Ni-Cu-PGE anomalies associated with gabbroic host rocks.

The tenement contains abundant outcrops of meta-sedimentary and meta-volcanic rocks including psammopelite, psammite, amphibolite, albitite and mylonite, potentially prospective for Broken Hill Type (BHT) Pb-Zn-Ag deposits. More importantly, gabbro of the Giles Complex is extensive across the tenement with pipe-like and large layered intrusions present.

Infill geochemical sampling, detailed mapping and rock chip sampling are being conducted with further drilling planned to test the extensive anomalies across the project.

Mt Muir Overview

The above map shows the geological interpretation (left) and total magnetic intensity reduced to pole (right) of the Mt Muir Project area.