SUMMARY
Bottletree Copper Prospect (Greenvale)
• 2022 Bottletree drilling program commenced on 15 June 2022 with the collaring of the program’s first diamond core hole, BTDD005.
• Holes BTDD005 to BTDD009 have been completed since commencement of the 2022 program.
• The primary objectives of the 2022 drilling program are to build a geological model of the local geological setting to better understand the mineralising system and to identify porphyry-related alteration zones and zonation of alteration to enable vectoring towards the central mineralised potassic core(s).
• Several dacite porphyry intrusions and varying degrees of disseminated and vein quartz-chalcopyrite mineralisation, locally with molybdenite, as well as pyritic sheeted sulphide veins have been intersected by each of the holes.
• “Textbook” porphyry potassic alteration (K-feldspar-biotite-magnetite) has been identified, confirming the presence of a buried porphyry system. Drilling is vectoring closer to a mineralised porphyry source.
• Current hole BTDD010 with a total planned depth of 1,000m has just commenced, aims to intersect the potassic alteration zone down-dip and vector towards the core of the mineralised system.
• Detailed results and findings will be released to market shortly.
Cockie Creek Porphyry Copper Prospect (Greenvale)
• Preparations underway for commencement of drilling program.
• Potential for significant porphyry Cu-Au mineralisation.
• Current Mineral Resource Estimate: 13MT @ 0.42% Cu (0.25% Cu cut-off grade) (JORC 2004), based on strike length of 1.2kms and a maximum depth of 250m. Compiling Mineral Resource Estimation to comply with JORC, 2012.
• Interpreted buried porphyry intrusions within an intrusive complex.
• Two large, intense IP chargeability targets at depth beneath the defined structurally controlled mineralisation corridor.
New tenement applications expand the Greenvale Project
• Three new EPM applications totalling 900km2 have been made to cover additional areas prospective for magmatic Ni-Cu-PGE sulphide deposits, expanding the Greenvale Nickel Project to 2,058km2.
• The new applications also cover known uranium occurrences.