Curnamona Province Project

Summary

The Curnamona Province of South Australia is highly regarded for its exploration potential for Broken Hill style mineralisation as well as strata bound sediment hosted Mt Isa and Century style mineralisation. The potential for copper and gold mineralisation of the iron oxide copper gold (IOCG) type has been highlighted over the past decade through discovery of prospects such as Portia, Shylock, Kalkaroo and White Dam. PepinNini Minerals currently hold four granted tenements EL 3171 Kalabity, EL 3278 Bimbowrie, EL 3472 Outalpa and EL 3587 Scott Hill and an application for an exploration licences ELA 928/04 Mt Victor located within the Province. The tenements cover approximately 3,778 sq. kms and contain numerous prospects that warrant further investigation to explore the potential for economic mineralisation.

Potential exploration targets include:

• Epigenetic iron oxide copper-gold (IOCG) mineralisation similar in style to the replacement (Starra, Osborne) and breccia (Ernest Henry) deposits of the Mt Isa Eastern Fold Belt. These can occur as both strata bound replacements of iron rich beds or as structurally focused iron-rich alteration/breccia systems in the contact aureoles of certain granites.
  
  
• Large disseminated/strata bound copper and/or gold deposits.
  
  
• Supergene (enriched) copper-gold mineralisation in areas of deep weathering over large areas of low-grade sulphide copper-gold mineralised basement. Including high grade elluvial gold (Portia).
  
  
• Broken Hill type silver-lead-zinc deposits.
  
  
• Strata bound/sediment-hosted base metal mineralisation (similar to Mt. Isa and Century Zinc (Ag-Pb) deposits in the Mt. Isa Inlier) within the moderate-low grade metamorphic rocks in the upper parts of the Olary Block stratigraphy.
  
  
• Hardrock pegmatite – granite hosted uranium, Tertiary roll-front uranium.
  
  
• Manganese.

EL 3171 Kalabity is prospective for gold, copper, lead and zinc and includes the Birthday Well, Waukaloo, Johnaroo, Burdens Dam, Nancatee, Mt Howden, Telechie, Dome Rock, Koolka, Kaloola, Billeroo, and Wiperaminga prospects. Encouraging drill intersection by previous explorers include borehole DDW8 10m @ 2.07g/tAu, 0.74%Cu, borehole KD12 5.6m @ 8.5%Cu and borehole KY 1706 32m @ 0.66%Zn.

Copper, uranium and iron deposits have been identified at Billeroo in the west of the licence area.

Within EL 3278 Bimbowrie PepinNini intends to initially focus on IOCG targets but will also consider the stratiform Pb-Zn and Uranium prospectivity. Thirteen priority base metal targets have been identified for further investigation.

The Crocker Well Uranium Field and Mt Victoria Uranium Deposit are located in the west of EL 3278 and more than 25 additional uranium prospects have been identified within the PepinNini tenements .

EL 3472 Outalpa has previously identified copper, silver and uranium prospects and is considered prospective for both hardrock pegmatite style and Tertiary, palaeochannel style uranium deposits. Five priority base metal targets have been identified for further investigation.

EL 3587 Scott Hill  has previously identified copper, gold, cobalt and silver,lead,zinc prospects and includes the Barratta siver lead field and Eukaby silver lead zinc mines.

ELA 928/04 Mt Victor  is located on the periphery of the Curnamona Province and overlaps into the Adelaide Geosyncline. Gold, copper, lead, silver and bismuth prospects have been identified within the area and include the historic mines of Monte Christo, Maynards, Aurifera, Cosmopolitan, Evening Star and Morning Star. The application area is considered prospective for Tertiary, palaeochannel style uranium deposits.