Carrara Project Partial Relinquishment Report EL 30665

Abstract

This document is submitted as a Partial Relinquishment Report for EL 30665, which is part of the Carrara Project. The Carrara project is deemed prospective for shale-hosted massive sulphide deposits (SHMS) containing zinc (Zn), lead (Pb) and silver (Ag). The Project area hosts lateral equivalents to the Lawn Hill Platform's Upper McNamara Group members, which hosts the world class Century deposit. Ground was applied for in 2014 following a preliminary desktop study by Teck's Zn Generative team. Historically exploration on the project has been focused on exploring for SHMS mineralisation around the Carrara Ranges, but excluded EL 30665. 1 diamond drill hole was drilled within the relinquished sub-blocks of EL 30665 to a depth of 800.42m. 57 magnetotellurics recordings, 26 EM stations and 430 gravity readings were taken over the surrendered tenure sub-blocks, with no anomalism of interest returned. 34 sub-blocks of EL 30665 where relinquished on 22nd October 2019 as part of the compulsory reduction requirements. Surface geology and interpretations from regional seismic released by Geoscience Australia highlighted favourable stratigraphy to be beyond explorable depths within the area surrendered. This reduced the chances of there being an significant, economical Sediment Hosted Massive Sulphide (SHMS) deposit within explorable depths. The remaining sub-blocks of EL 30665 remain prospective for SHMS mineralisation.