 Cloncurry North
Introduction
Sovereign holds two EPMs in the Cloncurry-Mount Isa region of northwestern
Queensland. All Tenements are referred to as “EPM” regardless
of the application / grant status. The applications cover approximately
650km2 in the northeast of the Mount Isa Block.
Table 1: Cloncurry North Project - Tenement Details
Tenement |
Name |
Area
(km²) |
EPM 15292 |
Flinders River |
329.8 |
EPM 15291 |
Wondoola Creek |
326.6 |
Total |
|
656.4 |
Regional Setting
The Flinders River and Woondoola Creek applications are situated about
200km north of Cloncurry and about 160km north of Ernest Henry. The applications
cover a regional magnetic high that is coincident with a regional gravity high
(Figure 1). The area is considered to be prospective for iron oxide Cu-Au
deposits. It is covered by 100 to 200m of Mesozoic sediments.
Figure 1: Cloncurry North Project – Geophysical
Images
Exploration Potential
The tenements are over broad geophysical targets. As they are under
Mesozoic cover, they have not been subject to on-ground exploration. It
is worth noting that recent major discoveries within the region have also
been beneath post-Proterozoic sedimentary cover (Century, Ernest Henry, Eloise,
Cannington, and Osborne).
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