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MT ISA METALS LIMITED - ASX: MET
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Description
Mt Isa Metals Limited (MET) is an Australian-based resource company focused on the discovery and development of large-scale gold and copper deposits. The Company holds substantial tenement positions in two world renowned mineral provinces.
The Birimian Gold Province of West Africa is a world-class gold province with more than fifty +1Moz gold deposits discovered across the region to date. MET has secured (via option agreements) a large tenement position in the Birimian centered on Burkina Faso. The tenements include multiple prospects with identified high grade gold assays and are considered highly prospective for future gold discoveries.
MET also holds a significant tenement position in the Mount Isa region of north-west Queensland. Mount Isa is a world-class mineral province noted for a long history of base metal and precious metal discoveries. The key exploration targets sought by MET in the Mount Isa region are Olympic Dam-style iron-oxide copper-gold (IOCG) deposits and shear hosted copper deposits.
Yactibo Project, Burkina Faso
Location: 240km south-east of Ouagadougou
Tenement Area: 1,262km2
Ownership: 100% (via 3 year option agreements)
Primary Target: gold
Highlights: complex (dilational) structures in regional geophysical data multiple artisanal gold mining sites
Nabanga Prospect: high grade gold assays over 3,500m strike length
Yacti Prospect: high grade gold grab samples
Tapoa Project, Burkina Faso
Location: 320km east of Ouagadougou
Tenement Area: 500km2
Ownership: 100% (via 3 year option agreements)
Primary Target: gold
Highlights: high grade (+10g/t) gold assays across multiple project areas artisanal workings distributed along a 5km linear trend
evidence of controlling structures in satellite / geophysical data
Kongolokoro Project, Burkina Faso
Location: 300km south-west of Ouagadougou
Tenement Area: 1,267km2
Highlights: adjacent to significant gold deposits high grade (+10g/t) gold assays across multiple prospect areas
Bantou Prospect: 1,000m long artisanal workings
Villibongo Project, Burkina Faso
Location: 100km south-west of Ouagadougou
Tenement Area: 237km2
Ownership: 100% (via 3 year option agreement)
Primary Target: gold
Highlights: 30km long greenstone belt structural gold targets proximal to regional gold and base metal prospects
Gregory Project, Queensland
Location: 200 - 280km North of Mount Isa
Tenement Area: 2,055km2
Ownership: 100%
Primary Target: iron-oxide copper gold (IOCG)
Highlights: multiple IOCG targets / geophysical anomalies 90km strike length over Mt Isa - Gunpowder Fault Zone evidence of significant iron-oxide alteration minimal prior exploration
Boomara Project, Queensland
Location: 100 - 200km north of Cloncurry
Tenement Area: 669km2
Ownership: 100%
Primary Target: iron-oxide copper gold (IOCG)
Highlights: identified IOCG system over 10km strike halo-grade intersections - 118m @ >0.2% Cu ~100km tenement strike length typical cover depth 150m - 300m
Isa North Project, Queensland
Location: 110 - 200km NNW of Mount Isa
Tenement Area: 1,379km2
Ownership: 100%
Primary Target: copper, zinc
Highlights: multiple geophysical and geochemical targets high order Cu and Zn geochemistry in streams, soils and rock chips close proximity to mineralised Mount Isa - Gunpowder Fault system limited drill testing
Leichardt Project
Location: 50km west of Cloncurry
Tenement Area: 274km2
Ownership: various (49% to 100%)
Primary Target: copper (shear hosted)
Highlights: high concentration of abandoned copper workings near-surface sulphide copper deposit defined at Barbara North Lode multiple additional copper targets undergoing drill testing significant potential for resource growth
Mine For
gold, iron ore, copper, zinc
Location of operation(s)
Queensland, Burkina Faso
Address
Level 5, Santos House , 60 Edward Street
BRISBANE, QLD, AUSTRALIA
Phone
+61 7 3303 0624
Website
http://www.mtisametals.com.au/
Last Updated
4/5/2011
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.
