Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

ISHINE INTERNATIONAL RESOURCES LTD

ASX: ISH

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Ishine is an Australian exploration company, based in Perth, Western Australia which has been established primarily to explore for gold, base metals and iron.

The Company's mission is to increase Shareholder wealth through capital growth and ultimately dividends by exploring and discovering viable mineral deposits and by developing profitable mining operations.

Ishine is focused on becoming a successful exploration company in a short time. The Company believes that the demand for gold, copper, nickel and other commodities will continue strongly over the short to medium term.

The Board is also continuing to evaluate other projects that have the potential to contribute to Company growth through joint venture, "farm-in" or acquisition arrangements.

Mt Watson Project

The Mount Watson tenements (EPM 15933 and EPM 15986) cover 103.6km2 and are located 115km north-northeast of Mount Isa, and approximately 120km northwest of Cloncurry.

The primary exploration targets at the Mount Watson and Boomarra tenements are structurally-controlled copper-gold mineralisation which are often referred to by geologists as "iron oxide copper-gold (IOCG) deposits".

The Mount Watson tenements surround the Mt Watson open-cut copper mine which is on care and maintenance. In 2008, this mine produced 8.08 million tonnes at an average grade of 0.9% copper.

There are a number of other significant historical copper mines and prospects within the area of the Mt Watson tenements. These include the Hidden Treasure copper deposit with an oxide Mineral Resource of 300,000 tonnes at an average grade of 1.3% copper; as well as several exploration prospects at Mount Earl, Mount Wonder, Tewinga and Anomaly P ranging from early stage to advanced.

Boomarra

The Boomarra tenement (EPM15723) cover an area of 119.8km2 and is located approximately 100km north of Cloncurry within the Carpentaria Basin, where the depth of the cover is significant and is variably estimated from 100m to more than 600m across the region.

Due to the depth of cover, little exploration for copper-gold mineralisation has been completed in this area, however, modern geophysical surveys have defined a number of prospective targets within buried Proterozoic basement rocks. Several distinct "bulls eye" magnetic highs have been detected within the Boomarra tenement over a strike of approximately 26km, within a north-northeast trending magnetic high.

The magnetic domains are interpreted by Ishine to reflect the presence of extensive hydrothermal iron-oxide-sulphide alteration zones developed within the Proterozoic basement. These alteration zones may contain copper-gold mineralisation.

Falcon Ridge

The Falcon Ridge tenements (E38/970 & P38/3382 to P38/3384) cover an area of 143km2 and are located approximately 50km north of Laverton in central Western Australia. The tenements cover part of the Archaean Duketon Greenstone Belt which contains a deeply weathered sequence of mafic, ultramafic and felsic volcanic rocks associated with sediments. Granitic plutons and associated sills and dykes intrude upon the greenstones.

The potential for ultramafic rocks in the Duketon area to host magmatic nickel sulphide deposits was highlighted by the 2003 discovery of significant disseminated and massive nickel sulphide deposits at Collurabbie Olympia.

Work to date within and around the Falcon Ridge tenement has demonstrated potential for nickel sulphide anomalism coinciding with ultramafic rocks. Magnetic highs are interpreted to reflect the presence of ultramafic rocks striking onto the tenements for a distance of at least 5km.

Despite containing ultramafic rocks and being in relative close proximity to Collurabbie-Olympia and several other promising regional nickel exploration prospects, the Falcon Ridge tenements are largely unexplored for nickel sulphide deposits.

Mine For

copper, gold, nickel

Location of operation(s)

Queensland, Western Australia

Address

Level 1 681 Murray St
WEST PERTH, WA, Australia

Phone

(61 8) 6142 5088

Email

Website


Last Updated

19/10/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

Spacious and Lovely Gold Coast Holiday House