GUNPOWDER CREEK PROJECT

Gunpowder Creek (EPM27733) is located 45km north-west of Mount Isa in north-west Queensland. Access is via the Barkley Highway and a well-maintained network of shire roads and station tracks. 

The Gunpowder Creek project comprises one exploration license covering 119km².

Gunpowder Creek Project overlying regional magnetics with historic gold workings/occurrences and known deposits.

The Mount Isa deposits are host within the Urquhart Shale and represents one of the largest accumulations of lead, zinc and silver in the world. Despite disagreements over timing and co-genesis, there is more recently general agreement that the Pb-Zn-Ag and Cu ore bodies formed by hydrothermal replacement and dilation of the Urquhart Shale. 

Gunpowder Creek project showing rock chip gold assays overlying regional geology.

Minor historic exploration activities have mainly focused on weak base metal anomalism in the northern portion of EPM27733. A significant number of historic gold workings and occurrences form a >5km strike length parallel to the May Downs Fault on the western flank of the Sybella Granite. 

Review of historical exploration has revealed a large number of rockchip samples collected within the lease and about 2/3 of these were not assayed for gold. The 1/3 rockchip samples that were assayed for gold have results up to 32 g/t gold. 

The review of historic exploration activity failed to find any evidence that the gold workings have ever been drilled.