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OUTBACK METALS LIMITED - ASX: OUM
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Description
Mt Wells
Mt Wells is located approximately 200km south of Darwin and is accessible from the Stuart Highway and all weather roads (via Adelaide River) to the tenement areas. Mt Wells has both granted mining tenements (MLN 164, 165, 196 – 200, 463, 465 – 467, 546, 658, 672, 679 & MCN 723 and 2631) and, apart from a Joint Venture with Australasia Gold Limited on exploration licence EL22301, is 100% owned by the Company.
Mt Wells is located on a substantially elevated hill containing en-echelon lodes of copper and tin ore. The elevated nature of the ore bodies should assist in economical disposal of overburden and waste in adjacent valleys for any future open pit operations. These lodes are essentially tension – fill veins, striking 015 - 025, dipping 75-85o east and have a strike length of up to 1km. The host rocks are siltstone and greywacke of the Burrell Creek Formation, which form a north trending anticline. The width of the individual lodes average 2 metres, (0.5m – 5m), arranged in an en-echelon pattern. Contacts with the host rock are sharp and there is no evidence of displacement or movement. Lode occurring near the contact is brecciated. Branching of lodes into 3 or 4 narrow veins is common.
Cassiterite occurs as single coarse crystals or as aggregates along the hanging wall of most lodes. The coarseness of the tin mineralisation within the quartz lode combined with its erratic distribution contributes to an inherent spotty nature of the mineralisation. This produces a high-nugget effect induced contrast between adjacent lode sample assay results of near zero to several percent tin respectively.
Presently, potential exists to open-cut the combined copper/tin resource at Mt Wells where tin ore grading of 2% has been recorded at surface. The Company plans to undertake a drilling programme commencing in June 2008 and, with access to the project area via all weather roads, the wet season should not impede the programme.
Maranboy/ Yeuralba
The Maranboy/Yeuralba tin field is located approximately 64km south east of Katherine. The Maranboy area is held under both granted mining (MLN 658, 661 – 672, 679, 680) and exploration (EL 10423) tenements, while the Yeuralba area has 3 exploration licence applications (ELA 25904, 26017 and 25979) pending grant by the Northern Territory Government. Both projects are held 100% by the Company.
The Maranboy project contains high grade tin lodes, which have been established through substantial previous exploration (including drilling). Significant exploration potential could exist in the surrounding Exploration Licence to find repetitions of tin lodes along strike, with the possibility of alluvial ore and additional hard rock deposits under shallow cover. Numerous additional tin occurrences at surface have been recorded away from the main lodes used for resource calculations.
The Company plans to undertake a drilling program in August 2008 and, with the presence of a bitumen road to the project site, the wet season should not impede the planned drilling programme.
Wingate
The Wingate project is located approximately 250km south of Darwin and 120km east of the Wadeye Township. The project is held under both granted exploration licences (EL 10140) and applications for exploration licences (ELA 25258 and 25713), and is owned 100% by the Company.
The Wingate Mountain project area is located in the central and west part of the polymetallic Halls Creek Mobile Zone, west of the Pine Creek Orogen. The Licences are located south west of Rum Jungle in the vicinity of the Giants Reef (GRF)/Victoria River Fault Zone (VRFZ) a potential source of mineralized fluids for numerous mines and mineral deposits from Rum Jungle through to the Sally Malay nickel mine in the Kimberley’s in Western Australia. The GRF is considered to have significant potential for localized high grade uranium deposits. Recent exploration studies have identified anomalous uranium, gold, platinum, paladium, base metals and manganese results within the project areas.
Douglas Hot Springs
The Douglas Hot Springs project is located approximately 100km south of Darwin and 60km west of Pine Creek. The project area is held under an application for an exploration licence (ELA25907) and a granted exploration licence (EL26035) and is owned 100% by the Company.
The Douglas Hot Springs project area is within the Daly basin which is a northwest – trending intracratonic sedimentary basin situated between the older Pine Creek orogen to the north, Victoria Basin to the southwest and McArthur Basin to the east. To the south, it is overlain by the Dunmarra Basin. It contains the lower Palaeozoic Daly Group, comprising, in ascending order, the marine Tindall Limestone, mixed pertidial Jinduckin Formation and carbonate pertidial Ooloo Dolostone. The Daly River Group unconformably overlies the Tolmer Group, which hosts the hydrothermal springs that have a deep crustal source. Potential exists for calcrete hosted uranium deposits.
There are no known resources but the area remains highly under explored and shows elevated radiometric uranium channel anomalies and weak gold anomalies.
Mine For
tin, copper, uranium
Location of operation(s)
Northern Territory, Western Australia
Address
33 Lascelles Ave
Hove, SA, Australia
Phone
(61 8) 8298 1045
Website
Last Updated
17/5/2011
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.
