Meteoric Resources (ASX:MEI) has confirmed priority right of application over a large, 10km x 8km gold anomaly identified by the Geological Survey of WA (GSWA) in the West Arunta region of the Gibson Desert.
- A 10km x 8km gold anomaly identified, being the largest and most coherent gold response in a 6,500sq km regional geochemical survey.
- Up to 20km of coincident multi-element anomalism.
- Strong multi-element association indicative of potential for a major mineralisation system.
- Totally unexplored.
- Negotiations for access in progress.
The anomaly was identified by a helicopter-supported regional geochemical sampling programme carried out by GSWA following field work by Geoscience Australia which highlighted the copper-gold and gold potential of the Mt Webb area in the western part of the Arunta Complex which extends from the NT to WA.
Meteoric has applied for three exploration licences totalling 760sq km covering geochemical anomalies and other targets identified outside the GSWA survey area. No record of previous exploration in these areas has been found and the areas appear to be totally unexplored.
Importantly, the Webb anomaly is supported by a large number of other anomalous elements including As, Cu, Zn, U, Co, Sn, Sc, Ce, Nd, Sm, Tl, Y, La and Ni. Some of these associated anomalies (such as arsenic, cobalt, tin and scandium) are 20km in length.
The large extent and multi-element nature of the anomalism shows characteristics similar to those shown by large hydrothermal alteration and mineralisation systems. For example, of 18 anomalous elements associated with the 20Moz Telfer gold system 17 are present at anomalous levels at the Webb anomaly (however the geological and regolith setting of the anomaly is not well understood and no direct comparison can be made to Telfer at this stage).
The directors of Meteoric "are excited by the excellent potential of this very large, previously unrecognised gold and multi-element target and have initiated discussions regarding access to this highly prospective and unexplored area".