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Projects Overview

Company Direction

Borium Project

California Project

Carbine-Holmes Project

Crystalhaven Project

Esmeralda Project

Ewan Project

Featherbed Project

Kidston Extension Project

Maneater Project

Silver Valley-Brownville Project

Stannary Hills Project

Projects

Maneater Project

The Featherbed tenements cover parts of historic mining areas which have produced a variety of commodities including tin, tungsten, molybdenum, bismuth, gold, silver and lead. The numerous mineral occurrences within these tenements have potential for delineation of depth extensions since many have never had any exploratory drilling. Potential also exists for discovery of new deposits, especially massive greisen, vein, stockwork and breccia-hosted types linked to shallowly buried cupolas of O’Briens Creek Supersuite and Ootann Supersuite granitoids.

Geoscience Australia has highlighted the potential for intrusion-related gold deposits related to the O’Briens Creek Supersuite granitoids, and particularly to granitoids of the Ootann Supersuite. One example of such mineralization appears to occur at Maneater Peak where two areas of gold anomalism remain untested. Some of the gold occurrences in this area could also be similar to gold deposits of the nearby Hodgkinson goldfield which are possibly related to metamorphic fluids (Peters et al., 1990).

 

The Featherbed Volcanic Complex has potential to host mineralization linked to unexposed intrusions of the Ootann Supersuite, and metasediments of the Hodgkinson Formation could similarly host unexposed plutons of both Ootann and O’Briens Creek Supersuite granitoids and associated mineralization.

 

Exploration Plan

The Maneater Project is centred on the breccia structure of Maneater Peak. Previous stream geochemistry indicates anomalous gold in the creeks leading from the structure. One drill hole has been completed on the site and KML views this as a target of priority. The historic data will be reviewed and compiled during 2007.

The drillhole into the breccia body at Maneater Peak intersected a large amount of open space breccia infilled with quartz and carbonate, which is conducive to gold inlay. Further exploration is warranted based on the surrounding gold anomaly and the host rock structure.

Strategy

Mapping and geochemistry around Maneater Peak will focus on gold and precious metals. Additional studies will be carried out to the south west of Maneater Peak to determine the nature and extent of the previously identified uranium mineralisation.