Carawine's four exploration projects are in well-established mineralised provinces in Western Australia and Victoria, each targeted for their potential high-value deposit styles and commodity groups.
The Jamieson Project is located near the township of Jamieson in north eastern Victoria and comprises granted exploration licence EL5523, containing the Hill 800 gold-copper and Rhyolite Creek zinc-gold-silver and gold-copper prospects.
Hill 800 was discovered by New Holland Mining NL (New Holland) in 1994, following sampling of outcropping gold-rich gossans, with drilling returning results with significant widths and high gold grades. The deposit is a volcanic-hosted massive sulphide (VHMS) gold-copper system with similar host rock, age and mineralisation style to the 1.5Moz Henty gold deposit in Western Tasmania. The Rhyolite Creek Prospect, located about 5km south of Hill 800, was discovered in 2008 and has two target styles. These include a near-surface, low-grade gold-copper system hosted in felsic volcanic rocks and an interpreted seafloor VHMS system containing high-grade zinc, gold and silver mineralisation.
Located in the highly prospective Eastern Pilbara region of Western Australia, the Oakover Project is centred on the Proterozoic Oakover Basin and is prospective for copper, cobalt, manganese and iron.
The Paterson Project, situated in the Paterson Province at the eastern edge of the Pilbara Craton, is dominated by Proterozoic age rocks of the Rudall Metamorphic Complex and the overlying Yeneena Supergroup. The Paterson area is host to the Telfer Au-Cu deposit, and the Nifty and Maroochydore stratabound Cu-(Co) deposits.
FRASER RANGE PROJECT
The Fraser Range Project includes the granted Red Bull, Bindii, Big Bullocks and Similkameen tenements (held 49% by Carawine) and the Big Bang tenement application, all of which are prospective for magmatic nickel-sulphide deposits such as that at the Nova nickel-copper-cobalt operation. Carawine has a joint venture with Independence Group NL (IGONL), who currently hold a 51% interest in the granted tenements and can earn an additional 19% interest by spending $5 million by 2021. As a dedicated nickel explorer with a long term commitment to the region, the Company considers IGO is well placed to carry the Project forward, providing the Company with significant exposure to exploration success in the Fraser Range.
Please note: these pages include information that relates to Exploration Results prepared and first disclosed under the JORC Code (2012). The information was extracted from the Company’s previous ASX Announcements which can be viewed in the Investor Information & News section of this website by clicking here.