PROJECTS

COCKABIDNIE PROJECT
(Centrex JV: PEN Earning 80%)

The Company has recently completed a detailed gravity survey at the Cockabidnie Project on the Eyre Peninsula, which has highlighted a 3.5km long, buried and extremely dense gravity anomaly. The gravity anomaly is located within Hutchison Group metasediments, which also host the 1.7Mt Menninnie Dam zinc-lead-silver deposit to the north. The Hutchison Group metasediments have the potential to host world class, Broken Hill-style base metal deposits.

Previous drilling at Cockabidnie prior to 1994 intersected multiple zones of base metal mineralisation over several kilometres of strike length. Better results included 9.9m at 0.29% Zn and 5m at 1.29% Zn. The principle gravity anomaly, which possibly represents a large massive sulphide accumulation within Hutchison Group metasediments has not been tested by the previous drilling. Comment on our recent drilling?

Below:  Cockabidnie 3D Gravity Model (view from SW)