Milly Boo Polymetallic Project, Western Australia
The Milly Boo tenement application is located in the Gascoyne Province - approximately 260kms north-west of Meekatharra and 270kms east of Canarvon, WA.
The application covers a very deep magnetic anomaly thought to have characteristics of an Iron Oxide Copper Gold (IOCG) target.
Milly Boo represents a magnetic anomaly potentially situated in ~2000Ma gneissic rocks of the Dalgaringa Supersuite, under significant Permian cover (+1000m). It is located beneath a corridor of Mesozoic-aged faulting (of the Permian cover) that makes it difficult to interpret the underlying Proterozoic structures from geophysics. Subsidiary magnetic anomalies south-west of Milly Boo are potentially magnetic components of Proterozoic lithology. The significantly stronger Milly Boo magnetic anomaly requires some other explanation.
Hannans completed a ground-based gravity survey to verify the IOCG target model. The survey comprised 770 gravity stations on a 200x200m grid and data was acquired by Atlas Geophysics using a Scintrex CG5 gravity meter.
The survey identified a gravity anomaly higher up in cover sediments that did not fit an IOCG model but will be investigated further.
For more information please refer to ASX releases by Hannans.
2nd Quarter Activities Report
