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Project : MARCOLLAT JOINT VENTURE PROJECT - GOLD/BASE METALS RESOURCE

Mining
Open Cut
  Estimated Project Value
$ 2,000,000
Address Via
Suburb Roxby Downs
State SA
Council Roxby Downs
Postcode 5725
Project Type Resource - Gold/Base Metals
Development Type New
Status Early
Stage Exploration, Drilling, Survey & Assessment
Ownership Private
Notes
Drilling Program In Progress Joint Venture Partner Named
Commence Date 4/10/2008
Completion Date 7/10/2009
Details
  • The targets consist of a gravity anomaly within a high magnetic area, pwith the potential for base metals and gold within the basement rocks.
  • EL3013.
  • Uranium Exploration Australia has the option to earn 25% interest in the tenement by spending a minimum of $60 000 on drilling, and may, at its sole discretion, increase its interest in stages to 50% and 75% by spending up to a total of $1.6 million over five years.
 
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