PROJECTS (NEW)

COONALPYN URANIUM GOLD-BASE METALS PROJECT
EL 3881 COONALPYN SA

Licence Granted: EL 3881 6th August 2007
Location: 120km southeast of Adelaide
Area: EL 3881 319km2

Target: Uranium in skarn, carbonate replacement, calcrete and sandstone roll-front deposits

Commodities Sought: Uranium, gold, base metals

Metallogenic Province: Southern Delamerian Fold Belt and Murray Basin Cover Sequence

Exploration Philosophy:
The Coonalpyn tenement covers a large acreage of underexplored terrain that includes excellent conceptual targets for a range of different commodities both in the basement and cover sequences. The geological setting is similar to that in western Victoria where a number of significant gold and base metal finds have been made recently. The company is targeting uranium and base metals in skarn and carbonate replacement type deposits, as well as volcanic hosted base metal deposits and uranium deposits in Quaternary valley-fill sediments and Tertiary palaeochannels.

Project Status:
In the absence of high-resolution regional airborne geophysics coverage, Capital acquired night time infrared satellite imagery of the area in view of its successful application elsewhere in the state. Previous exploration results have been reviewed and drill testing of targets that emerged from the remote sensing study is planned.

Coonalpyn Project Map