Junee Project, NSW 

The Opportunity

 

Junee Copper-Gold Project is located within the highly-endowed Lachlan Fold Belt of New South Wales. DevEx has identified the potential for buried porphyry-style copper-gold style mineralisation of similar style to other major deposits in this region including the world-class Cadia-Ridgeway and Northparkes copper-gold mines.

The exploration potential of the Junee Project was significantly upgraded following recent work presented by the Geological Survey of New South Wales in December 2017 (see East Riverina Mapping Project - Some Highlights and Implications, Eastlake and Trigg).

Please refer to ASX Announcement – ‘Porphyry Copper-Gold Targets Identified at Junee Project, Lachlan Fold Belt, NSW – 24 January 2018’ for full details.

For the latest project overview, view our Investor Presentation.

Figure 1: The Junee Copper-Gold Project is located within the Lachlan Fold Belt, NSW, and is on strike with several significant copper-gold deposits.

 

Location

 

The Junee Copper-Gold project is located close to modern infrastructure and covers an area of 281.3km2 within the world-renowned Lachlan Ford Belt region of New South Wales.

The Lachlan Ford Belt region is host to several of Australia’s largest porphyry copper-gold deposits.

Figure 2: Location of the Junee Copper-Gold Project, New South Wales.

 

Geology

 

The Junee Project area covers a sequence of Ordovician and Silurian volcanics, the Junawarra Volcanics, adjacent to a major crustal structure, the Gilmore Suture Zone, within a province with a high copper-gold endowment, the Macquarie Arc. The rocks of the Macquarie Arc host many large porphyry copper-gold deposits, including the world class Cadia-Ridgeway and Northparkes deposits This is the style of mineralisation targeted on the Company’s tenure.

The Project also contains the Billabong Creek gold prospect and the Riverdale monzonite porphyry associated copper-gold occurrences. The area has been subjected to previous exploration by other companies and a number of zones of altered rocks with anomalous geochemistry indicative of porphyry associated copper-gold mineralisation have been defined.

There is clear potential for discovery of a major porphyry-related copper-gold system.