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- Great Southern Mining has submitted two applications for Exploration Permits for Minerals
- These permits hold excellent potential for VMS copper, hard rock and placer gold mineralisation, similar to the highly prospective Dianne Copper Mine
- The area is under-explored but a highly valued target for exploration
Great Southern Mining has submitted two applications for Exploration Permits for Minerals (EPM’s). Together, these cover an area of 360 square kilometres in the Hodgkinson Province in North Queensland.
The EPM 27291 and EPM 27305 applications were of interest to the company due to promising results of a due diligence review. The Hodgkinson Formation hosts widespread mineralisation of copper and gold.
These permits hold excellent potential for Volcanic Massive Sulphide (VMS) copper, hard rock and placer gold mineralisation.
“There are a number of historical references to VMS prospects within the application area where noted mineralisation is similar to the geology of the incredibly high-grade Dianne Copper Mine deposit,” Executive Chairman John Terpu said.
The Dianne Copper Mine is located in the Hodgkinson Formation and is the most significant deposit. Between 1979 and 1983 it produced 69,820 tonnes of direct shipping grade ore, with significantly high assays.
Great Southern has recognised the historic production and believes there is further potential for high-grade massive sulphide copper deposits at depth.
As the area has not been subject to modern exploration techniques, the company sees this as an advantage.
“This provides the Company an immediate focus area to undertake detailed exploration activities to potentially identify similar style high-grade copper deposits for follow up drill programs,” John said.
Great Southern already has a significant presence in North Queensland with its Edinburgh Park Project and once granted these permits will add important value to the company’s portfolio.
The company expects to be granted the tenements within the coming months.
