Victoria Downs Project NT
Anglo Australian Resources NL 100%
Eight tenement applications totalling in excess of 8,100sq km have been submitted to the Northern Territory Geological Survey covering base metal prospective ground in the Victoria-Birrindudu Basin. Two of these tenements have now been granted while others are subject to negotiation with native title holders. The project, located 200 km east of Kununurra (WA) and 250 km southwest of Katherine (NT), cover a sequence of Proterozoic sediments dominated by dolomitic carbonates. The Victoria-Birrindudu Basin has strong affinities to the Macarthur and Nicholson Basins which host the Macarthur River and Century sedex style Zinc deposits. The project area contains a number of galena occurrences. Previous dating indicates the Victoria-Birrindudu Basin rocks are the same age as all the Proterozoic basins which host Australia’s largest base metal resources including Mt Isa, Century, McArthur River and Lady Loretta. Previous exploration in the area primarily focused on diamond exploration located large areas of anomalous Lead and Zinc stream sediment geochemistry. Values of up to 9000ppm Pb, 740ppm Zn and 500ppm Cu have been recorded within the application areas.
Anglo Australian Resources is currently compiling previous exploration data and will undertake a reconnaissance program during 2007 on the two granted tenements.