MOUNT CLARK WEST

COPPER GOLD PROJECT

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Connors Arc, Queensland, Australia

  • Copper Gold Project

  • 1,912 ha

  • Porphyry  

  • HIGHLY PROSPECTIVE LARGE-SCALE PORPHYRY AND EPITHERMAL PROSPECTS.

  • RECENT RESULTS FROM NEARBY YANDAN PROJECT (198m @ 2.0 g/t Au and 214m @ 1.6 g/t Au) INDICATES EXCELLENT PROSPECTIVITY.

Copper Gold Porphyry Project

  • A highly prospective 1,912-hectare Exploration Permit for Minerals tenement situated within the Connors Arc region in Central Queensland.

  • Mount Clark West hosts a potentially significant geophysical anomaly, coincident with Cu-Au geochemistry. Exploration Target defined – 400Mt @ 0.4% Cu Eq to 650Mt @ 0.6% Cu Eq.

  • Historic exploration included 1,283m of drilling (4 holes) and 8-line km Ground IP/Resistivity.

  • 21-line km MIMDAS geophysics survey with readings to depths of greater than 700m.

  • Interpretation of the geochem, geophysics and drill results suggest that the previous drillholes intersected the outer shell of a porphyry system.

FEG’s Exploration Target is based upon a hypothetical model of either a large single porphyry system or three adjacent porphyries consistent  with the Cadia-North Parkes district porphyry deposits in NSW which is also located on the New England Fold Belt

POSSIBLE 3 SEPARATE PORPHYRY CENTRES

  • Each center represented by a resistive and low-magnetic core area. Target 3 is possible remnant mag feature. Halo of pyrite bearing alteration shell developed around each as inferred by MIMDAS survey. 

  • Zones of high magnetics adjacent to core areas could reflect magnetite bearing (potassic) alteration closely associated with main zone of mineralization.

  • 3 porphyry center scenario deemed more likely and is consistent  with the Cadia-North Parkes district porphyry deposits in NSW. 

  • Proposed holes 1- 8 to test drill targets located from phyllic zone through mag high.

The Independent Geologist Report into FEG’s tenements prepared by Measured Group noted:

“A similar geophysical signature is observed at the Mt Leyshon mine in QLD”. 
The Mt Leyshon mine produced over 2.5M oz of gold from 1987 to 2002