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Yorke Peninsula

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EL 5128 (Webling Bay) | 100% Monax

EL 5122 & EL 5209 (Melton JV) | 25% Monax 75% Marmota Energy Limited

 

Yorke Peninsula Copper-Gold Project

The Yorke Peninsula area is a major copper province located within the Olympic IOCG Province and with the discovery by Rex Minerals of the Hillside deposit, has become a much sought after exploration destination within South Australia. Monax has two areas of interest on the Yorke Peninsula.

 

Project location - Yorke Peninsula tenements

 

 

EL 5128 Webling Bay

Historical drilling on and along the boundary of EL 5128 recorded anomalous copper in three holes.  Hole KD11 reported 5.3m @ 1.66% Cu (97-102.3m) and 2.3m @ 1.06% Cu (108.3 - 110.6m). Hole KD16 reported 3.5m @ 1.18% Cu (169.5 - 173m). Hole KD04 recorded 10m @ 0.37% Cu (224 - 234m). The holes are located within a prominent NNE-SSW trending zone with mineralisation hosted by iron altered metasediments.

 

ELs 5122 & 5209 Melton JV

The Melton project is located on the northern Yorke Peninsula and contains a 15km section of the highly prospective Pine Point Fault Zone (PPFZ).

Preliminary aeromagnetic data defined up to five high priority drill targets, and ground-based exploration, including ground magnetic and gravity surveys, was completed in January 2010.

A maiden seven-hole diamond drilling program was completed in June 2010. Drill hole MIRDD01 at the Miranda target reported 21m @ 0.11% Cu from 451m including 3m @ 0.42% Cu from 469m. Downhole geophysics were undertaken on several drill holes in late 2010 to search for potential sulphide-rich zones.

A second drilling program comprising of four diamond drill holes was completed over the Miranda target in May 2011, with 9m @ 1.03% Cu including 1m @ 2.25% Cu and 0.46 g/t Au reported in hole MIRDD08.

Melton

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