Gold and Base Metals Exploration in Western Australia

Mount Murray

The project area covers 29km2 and is located 95km south-east of Onslow in the Ashburton region of Western Australia.

The Mt Murray project covers a 9km north south trending zone of poly metallic copper-leadzinc-silver-gold mineralisation adjacent to a 4.2km x 1.2km magnetic high zone considered to represent a mafic-ultramafic intrusive package prospective for nickel-copper-PGE mineralisation similar to the recently discovered tier one Julimar Ni-Cu-PGE deposit (Chalice Mining Ltd).

El Paso Intrusive (Ni-Cu-PGE)

El Paso Silicified ultramafic outcrop surrounded by sand plains.

The El Paso zone is a 5km long high magnetic zone interpreted as a mafic to ultramafic intrusive complex prospective for Ni-Cu-PGE mineralization. Previous exploration identified a small outcrop of ultramafic rocks with only one rock chip sample that returned 2,965ppm Cu, 781 ppm Ni, 5.4% Mg, 1.8g/t Ag and 419ppm S. The sample was not assayed for platinum or palladium. Apart from this small outcrop and a second outcrop of silicified ultramafic rocks located by SFM, the interpreted intrusive complex is completely covered by shallow sand and alluvial cover. SFM considers the interpreted mafic-ultramafic complex within the Mt Murray project has potential to host nickel-copper-palladium, platinum mineralisation similar to the Chalice Mining tier one Ni-Cu-PGE discovery at Julimar.

Ridgeback Cu-Pb-Zn-Ag-Au

Ridgeback zone showing quartz ironstone veins. The image is facing north.

The Ridgeback target is located south of the historic Kin copper occurrences. Previous explorers completed a regional high density creek sampling program. This work defined a zone of anomalous Cu-Pb-Zn-As-Au over 3.5km strike extending from north of the Kin copper working south to the tenement boundary. The northern end of the anomaly comprised Cu and Au whereas south of the Kin pits the anomaly is polymetallic, Cu-Zn-Pb-As-Au. The anomalous zone is associated with the north trending regional fault that extends through the center of the project. No follow up exploration of this zone has been reported.

Highway and Emily Pb-Zn-Ag-Au

The Highway Pb-Zn-Ag-Au prospect (The Hill) is located adjacent to the North-West Coastal Highway. Historic rock chip samples returned very high results of up to 39.6% Pb 134g/t Ag, 0.46g/t Au and 0.1% Zn. The mineralisation is hosted in chert and quartz over about 300m strike. The mineralization may extend along strike to the south and north however it is hidden beneath shallow cover. Despite the high grades, no drilling has been recorded at the Highway prospect. SFM rock chip samples of quartz veins with visible galena returned 3.5% Pb, 0.48g/t Au, 13g/t Ag and 0.08% Zn. Located 2km to the north, the Emily Pb-Ag prospect is thought to be along strike from the Highway prospect however the intervening area obscured by sand dunes and scree has not had any effective exploration.