New South Wales
Cootamundra Project Location
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Cootamundra Project Tenements
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Cootamundra is located in New South Wales, 120 kilometres northwest of Canberra and 385 kilometres south west of Sydney.
The Cootamundra Project area sits in the Lachlan Fold Belt, which is a well-endowed porphyry Cu-Au and orogenic gold belt, hosting a number of mines, such as North Parkes, Cowal, Copperhill, Temora, Cadia-Ridgeway and Tomingley.
The Company has reviewed historical exploration for copper-gold mineralisation within the project area, principally at Wallendbeen where exploration in the 1980's and 1990's defined an 8 kilometre long copper and gold mineralised zone associated with the Yandilla volcanics. The Fontenoy serpentinite has also been found to have elevated copper and gold geochemistry in this area (Figures below).
The Company's geological consultants completed a review of the Wallendbeen copper-gold project in February 2012. Following discussions it has been assessed as being a poorly tested orogenic copper-gold mineralised area with a strike length of 8 kilometres.
A similar type of deposit in the Lachlan Belt may be the 810,000 ounce Tomingley gold deposit currently being developed by Alkane Resources Limited.
Whilst historical drilling has not located economic resources the Company believes significant potential for gold and copper mineralisation remains.
There are a number of manganese occurrences and historical mine workings on Alloy's 100% owned tenements EL7457 and EL7518 that sit in close proximity to the Main Southern Railway Line (see figure "Cootamundra Project Tenements"). The historical mine workings and mineral occurrences on these tenements are:
- Cullinga - where there are 11 documented manganese occurrences,
- Cootamundra - where there are 4 documented manganese occurrences,
- Congou, and
The Cootamundra prospect is located at the edge of town and very close to infrastructure to support mining and transport operations.
The prospects mostly consist of single or parallel linear zones of Mn mineralisation about 1 to 3 m wide associated with BIF and siltstone contacts within the Jindalee Beds. There are some historical mine workings and the Company rock chip sampling has returned a number of anomalous Manganese results with several samples containing >40% Mn.
Gradient Array Induced Polarisation surveys completed by the Company suggests the Cootamundra and Congou prospects may have good strike length extensions, however economic tonnage potential is uncertain until drilling occurs.
The Company will look to introduce an active explorer focussed on N.S.W. as a farm-in partner.