29
Cu
Copper
79
Au
Gold
NORTH EAST FRASER PROJECT
Western Australia
Major Copper Gold IOCG Target
Ownership
100%
Opportunity
North East Fraser hosts a large magnetic and gravity high with potential to host major IOCG and porphyry copper, gold and base metal mineralisation in an interpreted fragment of crust and arc to
the east of the Fraser Range, one of the most attractive exploration regions in Australia.
Tec Minerals can quickly and cheaply assess this extremely attractive target utilising MFT aiming for a major world class mineral discovery of the scale of Prominent Hill in South Australia.
the east of the Fraser Range, one of the most attractive exploration regions in Australia.
Tec Minerals can quickly and cheaply assess this extremely attractive target utilising MFT aiming for a major world class mineral discovery of the scale of Prominent Hill in South Australia.
Project
Tec Minerals’ North East Fraser project encompasses one granted exploration licence covering 241 km2 in the highly prospective Fraser Range region of Western Australia.
Figure 1 North East Fraser location map
The project is located in the northern part of the Nornalup Terrane in close proximity to BHP Limited’s (ASX: BHP) Seahorse project that is currently under intensive exploration.
Tec Minerals has delineated a large magnetic and gravity high at North East Fraser with potential to host major IOCG and porphyry copper, gold and base metal mineralisation in an interpreted
fragment of crust and arc to the east of the Fraser Range.
The priority target magnetic and gravity high at North East Fraser has a surface expression of approximately 1.6 km by 1 km (1.6 km2 ), which is larger than the magnetic footprint of major copper deposits such as the Prominent Hill deposit (150 million tonnes at 0.9% Cu and 0.7 grams/tonne Au).
Tec Minerals has delineated a large magnetic and gravity high at North East Fraser with potential to host major IOCG and porphyry copper, gold and base metal mineralisation in an interpreted
fragment of crust and arc to the east of the Fraser Range.
The priority target magnetic and gravity high at North East Fraser has a surface expression of approximately 1.6 km by 1 km (1.6 km2 ), which is larger than the magnetic footprint of major copper deposits such as the Prominent Hill deposit (150 million tonnes at 0.9% Cu and 0.7 grams/tonne Au).
Exploration
The company is investigating the exploration potential for major IOCG and porphyry copper, gold and base metal mineralisation in an interpreted fragment of crust and arc to the east of the Fraser Range.
The region is severely underexplored for basement-hosted mineralisation. The targets are under cover, however MFT is the ideal geophysics technique required to make discoveries in regions where outcrop is not present.
Previous drilling on the North East Fraser project area by Teck Resources identified 20 drill locations of interest across the tenement. In particular, two scout drill holes undertaken by Teck
Resources to a maximum depth of 159 metres identified highly prospective basement rocks.
The significant magnetic anomalies on the basement rock gravity highs across the tenement indicate iron oxide alteration in intrusive rocks as well as the presence of iron and copper sulphides.
The target mineralisation lies under cover and Tec Minerals is targeting the centre of the complex in order to hit a previously untested target identified in magnetics and gravity data.
The region is severely underexplored for basement-hosted mineralisation. The targets are under cover, however MFT is the ideal geophysics technique required to make discoveries in regions where outcrop is not present.
Previous drilling on the North East Fraser project area by Teck Resources identified 20 drill locations of interest across the tenement. In particular, two scout drill holes undertaken by Teck
Resources to a maximum depth of 159 metres identified highly prospective basement rocks.
The significant magnetic anomalies on the basement rock gravity highs across the tenement indicate iron oxide alteration in intrusive rocks as well as the presence of iron and copper sulphides.
The target mineralisation lies under cover and Tec Minerals is targeting the centre of the complex in order to hit a previously untested target identified in magnetics and gravity data.
Figure 2 North East Fraser untested target on magnetic and gravity high
Tec Minerals plans to quickly and cheaply assess the target magnetic anomaly at North East Fraser for copper and gold using a phase 1 MFT survey.