Mt James
Background
The Mt James Project (EL 52/2343) is situated in the Peak Hill Mineral Field approximately 250km by road northwest of the township of Meekatharra, and around 90 km from the Glenburgh deposits. Access to the lease within the former Mount James pastoral lease, is via the formed gravel road linking Meekatharra to Mt Augustus whilst access within the lease is via limited station and mineral exploration tracks.
Exploration Update
The Clever Mary-Pigtails-West Point trend of gold mineralisation occurs intermittently over a total strike length in excess of 8km. Mineralisation is situated within a shear zone close to the contact between mafic and felsic schists. The mafic schist is a chlorite-biotite-carbonate-pyrite schist with sericite-epidote alteration and shearing that increases towards the contact with the largely unaltered felsic schist. The mafic schist has been intruded by numerous small pegmatite dykes, and also contains minor ferruginous chert and BIF horizons containing low grade pyrite/magnetite- gold mineralization at West Point.
Previous drilling, to a maximum depth of 40m on 100m to 250m grid spacings, returned results of 14m @ 1.57g/t Au and 4m @ 8g/t Au at West Point, and identified a broad zone of low-grade gold mineralisation over a strike extent of 3.6km, open to the west and at depth. Channel sampling of a costean returned 18m @ 2.49g/t Au.
The Clever Mary Prospect comprises similar geology and style of mineralisation to West Point and is situated approximately 5km to the east of West Point. Drilling outlined low-grade gold mineralisation over a 2.4km strike extent of the mineralised mafic schist. Subsequent soil sampling and mapping appears to have closed the mineralisation off to the east and west, although mineralisation remains open at depth. Results obtained from drilling are 5m @ 2.33g/t Au and 1m @ 6.15g/t Au. An outcropping quartz vein at the Clever Mary prospect returned an assay result of 102g/t Au.