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Staff Writer

Carawine Resources Limited (ASX:CWX) has identified multiple new targets from recent target generation activities on its 100%-owned Paterson and Oakover Project tenements, located in the east Pilbara region of Western Australia.

Carawine holds a 100% interest in three granted exploration licences in the Paterson Project and three granted exploration licences in the Oakover Project. A review of historic exploration has resulted in the identification of several new copper, gold, zinc and manganese targets, providing a focus for Carawine’s future exploration programmes on the tenements.

Planning of programmes to advance these targets has commenced and will concentrate on defining initial drill targets at each prospect. These may include airborne and/or surface geophysical surveys in conjunction with access and heritage survey programmes, prior to direct drill-testing. On-ground exploration is expected to commence in Q2, 2023.

Highlights:

  • Exploration underway for copper, gold, zinc and manganese on Carawine’s 100%-owned tenements in the Paterson and Oakover Provinces of Western Australia’s East Pilbara region
  • New copper-gold-lead-zinc prospects identified from historic exploration data on the Cable tenement in the Paterson Project, including:
    • “Warroo North” Prospect: rock chip sample values of 5.4% Cu, 0.25% Pb, 0.99% Zn, 19.5ppm Ag and 0.65ppm Au (bulk soil sample) in sub-crop and shallow cover over gossanous, sheared and quartz-veined volcanic rocks
    • “Warroo NE” Prospect: 500m x 50m soil anomaly up to 690 ppm Cu and 0.1% Zn
    • Both prospects situated within a large 10km x 2km copper and zinc rock chip and
    • shallow air core (vacuum) drill hole anomaly, untested by any deeper drilling
    • The Cable tenement is situated in a newly defined district prospective for volcanogenic massive sulphide (VMS) deposits, located on the edge of the Paterson province
  • Nifty copper deposit analogue target “Europe” identified five km northeast of Nifty on the Magnus tenement, Paterson Project
  • New manganese prospect named “Bootleg” with outcropping manganese along a 500m trend in Carawine Dolomite on the Davis tenement, Oakover Project
  • Planning in progress for access and heritage surveys ahead of initial drilling and ground geophysical programs, with on-ground work expected to commence during Q2 2023

A review of the geology, mineralisation styles, and exploration data reported by previous explorers from within our 100%-owned Paterson and Oakover tenements has identified a number of new and exciting copper, gold, zinc and manganese targets,” Managing Director, David Boyd, said.

“These target commodities complement our established nickel exploration project in the Fraser Range, and we look forward to advancing these in parallel with our Tropicana North Gold Project.”

“In the coming months, we will design, plan and prioritise programmes to test these new targets, with the first programmes likely to target the Warroo North and Warroo NE VMS targets, and the Nifty-lookalike Europe target. We look forward to sharing the results of this work as it progresses.”

The six granted tenements have been subject to a variety of earlier exploration programmes from 1984 through to 2019. These programs range from regional geophysical interpretations of geology and structure leading to conceptual target generation, to mapping, surface sampling and shallow drilling leading to the identification of mineralisation and definition of geochemical anomalies. A review of the historic data from these programmes and initial field reconnaissance has identified numerous prospects and targets which warrant further exploration. Only one of the new targets (Black Stripe) has been drill tested to date.

http://www.carawine.com.au/

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