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Traka Resources Ltd.
Summary
| Project: | Gorge Creek | |
|---|---|---|
| Deposit: | Gorge Creek | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Cobalt | |
| Date: | 10/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-10-2019: Traka Resources Ltd. announces an Exploration/Drilling Update report for its Gorge Creek deposit at the Gorge Creek project. Drilling results incl. 17m @ 0.13% Cu, 0.56% Pb, 365ppm Zn, 0.03ppm Ag, 62ppm Co from 2m. Traka completed a 22-hole re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Patrick Verbeek (Internal) | |
| ABSTRACT: | Traka completed a 22-hole reverse circulation (RC) drilling program to test stratabound targets on the Mt Les Siltstone stratigraphic sequence as well as MVT targets on structures of the Fish River Fault Zone (FRFZ). Encouraging drill results have been received for both target styles (Table 1) (2). The stratabound targets aim to locate deposits similar in nature to the large Tier 1 MacArthur River and Century Zinc deposits and are predominantly lead (Pb), zinc (Zn) and silver (Ag) deposit opportunities. The MVT targets at Gorge Creek also have Pb, Zn and Ag mineralisation as well as being prospective for copper (Cu) and cobalt (Co). The MVT targets are all hosted in the Walford Creek Dolomite sequence which is stratigraphically below the Mt Les Siltstone (Figure 1). The potential for MVT orebodies within dolomitic rocks has become the focus for the targets on the FRFZ and is a better explanation for the results Traka has obtained at Gorge Creek than the black shale hosted mineralisation being drilled further east along the FRFZ by Aeon Metals Ltd at Walford Creek. Mineralisation hosted in dolomitic rocks is a common occurrence in Australia e.g. Cadjebut orebody, and other parts of the world. Such deposits have always been an important source of high grade base metal mineralisation and typically tend to be compact ore bodies of between 1 to 20 million tonnes that can be highly profitable. | |
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