PROJECTS (NEW)

MUNDAERNO SOUTH URANIUM IOCGU PROJECT
EL 3853 MUNDAERNO SOUTH SA

Licence Granted: EL 3853 23rd July 2007
Location: 385km northeast of Adelaide
Area: EL 3853 52km2

Target: Calcrete and roll-front sandstone hosted sedimentary uranium deposits; iron oxide breccias and diatreme related copper-gold-uranium-REE deposits

Commodities Sought: Uranium, copper, gold, REE

Metallogenic Province: Southern Curnamona Craton

Exploration Philosophy:
Capital is searching for calcrete hosted uranium deposits in Quaternary valley-fill sediments and sandstone hosted roll-front type uranium deposits in Tertiary palaeochannels of the cover sequence, as well as for iron-oxide bearing copper-gold-uranium-REE (IOCGU) deposits and shear-hosted gold-copper deposits in the basement.

Project Status:
Four palaeochannels, which cross the licence area from SW to NE, are forming the basis for the initial investigation of the tenement. In 2008 the available regional airborne magnetic and radiometric data were acquired and reprocessed under contract.

A series of target maps were produced that have highlighted several areas of prospective character within the tenement. Planned exploration will include: regolith mapping; geochemical sampling; and drilling of selected targets.

A drilling programme has been designed and statutory approvals obtained from PIRSA. Joint venture partners are actively being sought to participate in the Project.

 

Mundaerno location map