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Exploration Areas - Jervois Mining Ltd

Exploration Areas

Jervois has three main exploration areas other than those covered above.

These are Arunta West, Area 1 and the extensive North Queensland Tin Tenements.

All these have considerable merit warranting follow up exploration, but with a renewed focus.

Arunta West Project

The Arunta West project consists of three exploration licences which cover 345 sq km centred approximately 600 kms west-northwest of Alice Springs within the Gibson Desert of Western Australia near to the border of the Northern Territory. Jervois entered a joint venture agreement with Australian Mines Limited (ASX: AUZ) on the Arunta West Project in 2016. AUZ has the right to earn up to an 80 per cent interest in Arunta West, but can stop after earning 51 per cent by spending $350,000 over 24 months. AUZ will be the operator and manager of the project.

BHP came to the Arunta West region in the 1990s attracted to the potential for large scale iron-oxide copper-gold. BHP subsequently concentrated their activities on the North Dovers target which is also the intention of AUZ as we currently understand.

The base metal potential of the province was reaffirmed in October 2015 when Independence Group (ASX:IGO), in partnership with ABM Resources, announced the Bumblebee copper-gold-silver-lead-zinc-cobalt discovery immediately east of the Arunta West project area.

The Board regards Arunta West to be an exciting exploration project.
Refer : http://australianmines.com.au/wp-content/uploads/2016/07/AruntaWestJointVenture.pdf

North Queensland Tin Tenements

Our extensive Carbonate Creek and Khartoum tenements provide an excellent exploration play with a potential target of over 100 million tonnes of 0.25 per cent tin. A data package was assembled by our Team for review by a recognised international geological consultant who has recommended the next phase of work and has confirmed the potential.

Subsequently we have appointed a geological assessment team to work with our geologist Dr Sanja van Huet for the purposes of defining and prioritising exploration targets to meet our obligations in Queensland.

Area 1

Area 1 is an early stage general exploration area. The area is prospective for platinum and base metal targets especially in the metamorphic contact area. It is an area of historic gold and tin workings in quartz veins related to the Girilambone Group. We have authorised mapping and low expenditure work to further gauge the potential.