EL007493 - Merrimac

Mineral Potential

The licence is prospective for multiple commodities including Gold, Tin, Copper, Zinc, Lead and Lithium.
Merrimac is known to host historic:
- Alluvial gold mining areas.
- Hard-rock gold mines.
- Hard-rock tin mines.
The area also has at least one known, but un-tested Cu-Pb-Zn anomaly.
Exploration in the last 12 months has now also confirmed the presence of Lithium mineralisation.

Exploration Program

Although the area under coverage of the Exploration Licence does not have a significant published history of gold production, the presence of extensive historic hydraulic sluicing areas of alluvial and colluvial sediments is evident throughout the licence, especially within the watershed of the Christmas and Merrimac Creeks.

The primary source of this gold has not been adequately established, and while some will have been derived from the nearby Mt Wills granite the presence of multiple undocumented prospecting sites and isolated hard rock anomalies identified by previous explorers may represent initial points of interest.

Several geophysical anomalies have not been fully examined or tested to determine if they may be the source of localised mineralisation.

Year 1: Geological Review.

Compilation and interpretation of all previous historical geological and surface geochemistry data, literature and results into an internal Geological Assessment Report. This report will potentially also include re-interpretation of all available geophysical data and the updating of any geological mapping. The information in this Report will be used for exploration planning (refer Year 2).

Year 2: Low Impact Exploration Program

Discussions with Earth Resources Regulation (ERR) to confirm the ability for Low Impact Exploration (LIE) to be undertaken on the licence. The proposed works under the LIE will include;

On ground geological mapping,

Identification and recording of historic prospecting activities and sites.
Ridge and spur geochemical sample collection and analysis,
Rock sample collection and analysis.

The aim of this program is to identify primary targets that can become the focus of future higher-level exploration and for the basis for the lodgement of a formal Work Plan.

Year 3: Formal Work Plan Exploration Program

Assuming that Year 2 work identifies multiple high-level target worthy of further follow exploration work a Work Plan will need to be developed in accordance with the Regulators to allow for the most appropriate method of testing to be undertaken, this may include either geophysical surveying, trenching, drilling or similar.