Exploration Permit for Minerals EPM 17143 Broughton Creek South West Sixth and Final Report for the Twelve Month Period Ending 16th December 2015
File Details
| Last updated | July 29, 2022 |
|---|---|
| Created | July 29, 2022 |
| License | Creative Commons Attribution |
| Description | Exploration Permit for Minerals (EPM) 17143 Broughton Creek South West covering 4 sub-blocks was granted 17th December 2009 for a period of three years to CNW Pty Ltd. On 15th November 2010, EPM 17143 was assigned 100% to Broughton Minerals Pty Ltd, a company affiliated with CNW Pty Ltd. A joint-venture agreement including EPM 17143 was signed with Orion Metals Limited over several Broughton Creek project tenements held by CNW Pty Ltd in September 2011. Broughton Orion Pty Ltd, a wholly owned subsidiary of Orion Metals Limited acts as the operator for the permit, relinquished two unprospective sub-blocks from EPM 17143 on 10th January 2013. Broughton Minerals Pty Ltd was granted a renewal of EPM 17143 over 2 sub-blocks for a further 3 years commencing 17th December 2012 on 11th June 2013. The Broughton Creek South West tenement was selected by CNW Pty Ltd for its potential to host large tonnage, Ernest Henry style copper/gold deposits as well as smaller, Tick Hill style gold only orebodies following an extensive study of Queensland government open file reports. The possibility of uranium and rare earth mineralization was also investigated. The area covered by EPM 17143 has been the subject of gold, base metals and uranium exploration by various companies since the late 1960s, including Rio Tinto Australia Exploration Pty Ltd, Mount Isa Mines Limited, CRAE, Placer Exploration Ltd and MIMEX. Numerous copper and gold anomalism occurrences have been discovered at surface. Broughton Minerals Pty Ltd / CNW Pty Ltd completed data compilation of previous exploration covering the tenement area with the creation of a Gocad “Common Earth Model” (CEM) which included all regional geophysical datasets, geochemistry and mapped geology, for targeting areas that require detailed geological mapping and geochemical sampling. During the reporting period a comprehensive review was made of the entire Broughton Creek project. This review concluded that the 2 sub blocks constituting EPM 17143 were not as prospective as other targeted areas on the project. Consequently the tenement was not renewed and the holding expired on 16th December 2015. |
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