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KIDMAN RESOURCES LIMITED

ASX: KDR

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

The Company has assembled a portfolio of tenements which, subject to confirmation of initial results, are considered to have strong potential for Copper, Gold and Rare Earth Elements.

The Company's strategy will focus on the acquisition and exploration of a portfolio of tenements that have strong indications of prospectivity, with major untested anomalies, but which are relatively under–explored. The Company's primary focus to date has been on major structures within the well known Copper/Gold mineralisation belts in Central New South Wales. This region is host to a number of major successful mining operations, including Mineral Hill, Northparkes, Tottenham and the Peak Mine.

The recent global financial crisis presented the Company with an opportunity to add attractive tenements to its portfolio in New South Wales as well as the Arthur Popes Copper/Rare Earth exploration prospect at Hale River in the Northern Territory.

Hale River Project

Click here to read the ASX Announcement - Rare Earth Update

The Hale River area in the Northern Territory is underlain by the Casey Inlier composed of older mid Proterozoic mafic and felsic gneiss of the Arunta Province. Deformed ultramafic and mafic rocks are common. The Arthur Popes Prospect within ELA27962 contains up to 27% copper from small selected hand samples, together with up to 1.66% Rare Earth Oxides. Mineralisation is contained within multiple 1-3 metre thick carbonate rich veins that can be tracked for up to 3 kilometres.

Jumble Plains Project

Jumble Plains is a cluster of four small discrete magnetic anomalies located on the southeast outer margin of a significantly larger and deeply buried magnetic feature. The anomalies are located at depth within Ordovician Girilambone sediments and partially overlain by Quaternary drainage alluvium. No evidence of the large east-west magnetic feature can be determined from surface geology suggesting a deep source to this anomaly. The project is in a similar structural setting to the Belmore project. Four shallow drill holes were completed during the 1980s and the bottom 16 metres of one hole contained anomalous nickel (227ppm Ni weighted average).

Whinfell Project

The Whinfell Project is targeting a group of two small and buried magnetic anomalies in the south of the EL that are apparently discordant to the enclosing Ordovician sediments. The anomalies are buried under Quaternary cover and have not been previously drill tested.

Belmore Project

The Belmore Project includes a cluster of four small discrete magnetic anomalies located on the outer margin of a significantly larger and deeply buried magnetic feature. The anomalies are buried beneath Quaternary cover though appear to occur at or near to the contact of Ordovician Girilambone sediments and overlying Jurassic sediments. Bodies of Ordovician ultrabasic intrusives are mapped to the northwest. Structurally, the anomalies appear to sit directly on an interpreted major NW-trending structure that could act as the plumbing system for small porphyry intrusions to rise from a larger intrusive body at depth.

Blind Calf Project

The Blind Calf Project is a semi-circular magnetic anomaly. The anomaly is interpreted to represent a potential hydrothermal alteration zone enveloping a buried porphyry intrusion. The target exhibits as a broadly donut-shaped anomaly elongated in a NNW orientation. The Blind Calf location is significant in its own right but also indicates that additional occurrences of copper mineralisation are likely in the tenement. The geology at Blind Calf provides a good mix of structural elements ideal for the development of a base metal deposit and offers a working model for investigating similar settings with in the tenement.

Yethera Project

The Yethera Project includes a folded chert horizon within the Ordovician Girilambone sediments with associated discrete and subtle magnetic anomalies. The airborne magnetics has similar characteristic to that at Tottenham (immediately NNW, which hosts both copper and gold mines and prospects) defining a tight north-south fold structure.

Wilmatha Hill Project

Wilmatha Hill is a circular potassium radiometric anomaly associated directly with the intrusion of the Devonian Wilmatha Granite into rocks of the Ordovician Girilambone Group. The target is located approximately 6 km east of the Mineral Hill copper-gold mine and is surrounded at its southern contact by old copper and gold workings, namely the Wilmatha and Mahgalore copper mines. The old workings have not been drill tested previously.

Mine For

copper, gold, rare earth elements

Location of operation(s)

New South Wales, Northern Territory

Address

Se 3, Level 4, 12-20 Flinders Ln
MELBOURNE, VIC, Australia

Phone

(61 3) 9671 3801

Email

Website


Last Updated

27/01/2011

 

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.