Superior's Victor Project, often heralded as the "next Mount Isa," encompasses four exploration permits that collectively span 438 square kilometres. Situated within the prolific Carpentaria Zinc Province in northwest Queensland, this project stands at the forefront of exploration endeavours aimed at uncovering a monumental, Mount Isa-style zinc-lead-silver-copper deposit, positioning itself as a Tier 1 exploration venture.
The Victor Project has the potential to uncover substantial deposits of zinc, lead, silver, and copper. These minerals are indispensable for a wide array of applications across multiple industries, including electronics, construction, energy production, and automotive manufacturing, making the project not only a significant mining venture but also a crucial contributor to the advancement of various critical sectors. At this point in time, further activities at Victor have been paused as the Company focuses on the Greenvale Project area.
Project Outline
The project enjoys a strategic position in the Carpentaria Zinc Province, an area ripe with potential yet largely untouched by exploration. Indications suggest that the region beneath a moderate layer of sedimentary cover could harbour stratigraphy favourable for the discovery of Mount Isa-style deposits. Superior’s exploration methodology, centred on the geochemical “leakage” phenomenon, aims to trace key metals like lead, zinc, and copper from a deeper, mineralized Proterozoic source up into the overlying younger sediments. This innovative approach seeks to pinpoint areas with high prospects for significant mineral deposits.
Activities have been paused as the Company focuses on the Greenvale Project area.
Diagrammatic representation of the ‘leakage’ concept. Superior believes that ‘leakage’ from Proterozoic deposits into the overlying cover rocks may be one of the best methods of targeting prospective areas for Mount Isa-style deposits under younger sediments.
Geochemical Leakage into Surrounding Rocks and Overlying Cover
Superior understands that there are two important types of “leakage”:
Superior has identified key forms of “leakage” crucial for large metal deposit formations. The initial deposit formation often leads to a dispersal of metals into the surrounding region, creating detectable “halo” anomalies, as seen with the subtle lead anomalies along faults at Mount Isa (These anomalies are recognisable in regional geochemical images);
Furthermore, the remobilisation of metals such as lead, zinc, and possibly copper into overlying rocks post-deposit formation, evidenced by anomalies in the Cambrian cover sediments at Century and Grevillea, points to the Victor Project’s potential to overlay large Proterozoic deposits. The large lead-zinc anomaly at the Victor Project makes this an area potentially hosting large Proterozoic deposits below the Cambrian cover in which the anomaly is developed.
Historical Airborne Surveys
The comprehensive coverage of airborne magnetics and radiometrics has blessed northwest Queensland. Superior has leveraged this data treasure trove by acquiring and processing numerous historical airborne EM surveys. While the presence of conductive graphitic sediments poses challenges, these surveys reveal the stratigraphy in obscured areas and help identify conductive units associated with potential mineralization, guiding the delineation of promising exploration areas.
Imaging of historical stream and soil geochemical values highlights the Victor Project area because of strong lead and zinc anomalies. This image shows that zinc anomalies are associated with other areas of significant mineralisation including Mount Isa, Lady Loretta, Century and Grevillea. The size and intensity of the Victor Project lead and zinc anomaly is similar to Mount Isa.
Soil lead geochemical anomalies coincident with deeper large basement structures.
