Ravenswood North Project (Gold & Copper) - Queensland

In a snapshot

  • 660km2 of the highly prospective Ravenswood-Charter Towers Gold Province.
  • Gold endowment of >20Moz Au, including the Kitty O’Shea, Golden Valley, Welcome, and Mt Success Mines
  • Potential for a large-scale Intrusive Related Gold System (IRGS)
  • Renewed area of exploration, with explorers returning to the area in 2021/2022.

The Ravenswood North Project consists of five granted EPMs in the Charter Towers- Ravenswood region of Queensland covering 660km2 of prospective ground. The licence package is prospective for Devonian to Permian-aged intrusion related gold deposits, such as the Ravenswood goldfield (10Moz Au), Kidston (4Moz Au), Mt Leyshon (3Moz Au), Mt Wright (1.5Moz) and Reward (0.2Moz Au) deposits.

 

Location of the Ravenswood North Gold-Copper Project with regional mines and deposits of the Charters Tower region.

Geology

The basement for the Ravenswood North Project area consists of metasediments of the Charter Towers Metamorphics. The sedimentary sequence has been deformed into regional scale open folds trending west-northwest, parallel to the main fault fabric. Throughout the Province several high-level intrusive complexes have intruded these sediments and concentrated magmatic fluids along the contacts. The intrusive centres are commonly mineralised, and include the likes of Kitty O’Shea, Golden Valley and Mount Success, within close proximity to the tenements.

Mineralisation

The Mt Hotspur area is prospective for gold mineralisation with exploration of the area well documented since 1997. Geophysics, soil samples, rock chip samples and drilling have been completed by Central Pacific Minerals NL and Carpentaria Gold Pty Ltd.

The primary focus in this area being Mt Douglas, an interpreted intrusive centre. The geochemistry over the area is anomalous, which lead to IP and drilling being completed, with limited success. Six diamond holes were completed over the IP anomaly and produced average results, with the best result 7m @ 0.2g/t Au from 154m (MDD005).

Recent exploration in the form of ASTER imagery at Mt Hotspur highlights two IRG systems in the area. This new data and reinterpretation have identified a new near-surface high priority target, known as West Branch.

The Mount Success area hosts a 100km long north-west trending structural corridor where several Permo-Carboniferous breccia-hosted intrusion related gold systems occur. Recent exploration work has identified three new targets on the project, which remain untested and second priority to Mt Douglas and West branch.

Rocky prospect contains two prominent northeast trending structures known as the Keelbottom and Mt Success lineaments and are interpreted as regional linking structures or cross faults. Mapping has identified quartz veining at surface, and rock chip samples have returned anomalous gold at surface up to 17.4g/t Au.