North Arunta Gold Project
The North Arunta Gold Project includes over 1,000km2 of tenements over extensions of the Kroda Gold Corridor, located 80km southwest of Tennant Creek in the Northern Territory.
Gold mineralisation within the North Arunta Project was first recognised by Poseidon Gold in the 1990s following surface geochemistry and shallow vacuum drilling. Normandy-Poseidon subsequently drilled the Kroda shear and produced high-grade gold intersections up to 12m @ 15.7 g/t Au2 from Kroda 3 prospect, in a zone which extends under cover into the North Arunta Project (see Figure 2, below).
Figure 1: North Arunta Gold Project on magnetics showing Kroda Corridor gold intersections and 40km extensions
Extensions of the mineralised corridor which hosts the high-grade Kroda 3 gold mineralisation extends for over 15km within the North Arunta tenements (see Figure 2 below).
Significant historical gold intersections have been produced on the Kroda gold trend within the North Arunta tenements at Kroda 1 and Kroda 2 including:
- 6m @ 3.5 g/t Au in KPD-028 and 3m @ 3.87 g/t Au in KPD-035 (Kroda 2)
- Intersections to 18m @ 0.32 g/t Au inc. 3m @ 0.79 g/t Au in KTRC-2 (Kroda 1)
These gold intersections are associated with quartz veining and sulphides in shear zones which continue to the northwest under shallow cover. Drill-ready targets are associated with immediate extensions at depth and along-strike from Kroda 2 and Kroda 1 (see Figure 2).
Extensions of the Kroda gold corridor continue under cover, where it intersects a major, untested, complex magnetic anomaly directly along strike interpreted to be Tennant Creek style ironstone in the equivalent of the Warramunga Formation units which host the Tennant Creek Cu-Au deposits (see Figures 1 and 2).
The intersection of these mineralised structures with the magnetic target zones represent, un-tested, gold and copper-gold (IOCG) targets in Proterozoic rocks interpreted to be analogous to the Warramunga Formation – which hosts ironstone-copper-gold deposits at Tennant Creek. Detailed gravity surveying is required to define the ironstone-copper-gold target zones and fine-tune drilling targets within this highly prospective area.
Figure 2: North Arunta – Kroda Corridor max downhole gold drilling locations on TMI with structure and targets
