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Project : PINE CREEK GEOSYNCLINE/ MT TYMN

Mining
Open Cut
  Estimated Project Value
$ 500,000
Address Tenements located 80 km south of
Suburb Darwin
State NT
Council Katherine Town
Postcode 0847
Project Type Resource - Gold
Development Type New
Status Finished (i.e. no further info)
Stage Early Planning
Ownership Private
Notes
Exploration Is Ongoing Including An Assessment Of Extensive & Colluvial Deposits That Occur Within The Tenements
Commence Date 1/3/1998
Completion Date 7/3/2003
Details
  • A recent comprehensive drilling programme demonstrated that the resource previously outlined was less continuous than the earlier drilling had indicated & cannot be readily traced from drill section to drill section.
  • A new geological resource of 1.1 million tonnes @ 1.4 gpt has been calculated for the Central Hill area & the South Hill area has shown a calculated resource of 150 000 tonnes @ 2.0 gpt.
  • Werrie can earn up to 50% interest (from private prospector) in these tenements.
 
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