Dalgaranga
Anglo Australian Resources NL 100%
The project consists of one exploration licence covering 209.5 sq km of the Dalgaranga greenstone belt This project is located 60 km north west of Mt Magnet and 60 km south west of Big Bell. The tenement also cover the southern strike extensions of the structure that hosts the Gibleys (Dalgaranga) gold deposit, which could be correlated with extensions of the Big Bell Shear. Until recently, Gibleys (Dalgaranga) was successfully mined by the Equigold NL / WRF Securities Ltd joint venture.
Although the Company’s initial interest in the project has been primarily gold, changes in the spot uranium prices have highlighted the potential for uranium mineralisation within calcrete which overlies a palaeo-drainage system. Over 40sq km of calcrete outcrops in the tenement. The calcrete has formed at the termination of a closed drainage system which has also sourced uranium rich granites. A follow-up program to investigate the uranium potential is planned.
Project Relinquished