Mumbakine Well and Beebyn
The Mumbakine Well project is located adjacent to the Capricorn Metals (ASX:CMM) Karlawinda project developing the 2.1Moz Bibra deposit. Recently completed high resolution aeromagnetics have revealed several compelling structural targets with similar geological settings to the Bibra deposit.
Known gold mineralisation occurrences on the 100% owned Mumbakine Well tenement includes a historical drill intersection of 13m @ 3.0g/t. Much of the highly prospective greenstone rock is located under a thin cover of onlapping Bangemall Basin sediments. Detailed structural analysis is being utilised to generate specific drill targets.
The Beebyn project is located in the Murchison region approximately 70km north of Cue. The tenement contains both gold and iron ore prospects.
The world class Big Bell gold mine is located south of Beebyn on a crustal scale lineament that transits through the centre of the Beebyn tenement and also further south to through the Dalgaranga exploration tenements. Gold prospectivity is therefore high on this underexplored project.
In addition to gold prospectivity, the Beebyn tenement contains a 10km long Banded Iron Formation that has been drilled historically with potential for DSO iron ore within haul distance of the Geraldton deep water port.
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Gold does not rust. It is used in jewellery and electronics, sent to the moon and Mars in space travel and has remained a store of value for thousands of years. A valuable commodity.