Carawine Resources Spots Six New Paterson Province Targets

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has generated six new prospects at the company’s Paterson project, located in the Paterson Province of Western Australia.

The Paterson region is host to the Telfer gold-copper and Nifty copper mines and has recently seen a marked increase in exploration activity; notably the widely reported Winu discovery by Rio Tinto Exploration, and the Havieron discovery by AIM-listed Greatland Gold.

Carawine Resources identified the six priority target areas across the Red Dog and Baton projects from a combination of historic drill and geological data, re-processing of airborne magnetic and electromagnetic (EM) geophysical data.

The company said each prospect contains elements common to major deposits and recent discoveries in the Paterson region, including host rock, magnetic anomalies, EM conductive anomalies, intrusion-related (skarn-style) mineralisation and alteration.

At the Baton project two prospects, Javelin and Wheeler have been identified, described by Carawine as discrete bullseye magnetic anomalies (analogous to Havieron and Winu discoveries) hosted by the Broadhurst and Isdell Formations.

A further four targets at the Red Dog project include the Earl prospect – a discrete magnetic and EM anomaly on the edge of a large interpreted felsic intrusion; the Leatherneck prospect – an alteration zone within the Broadhurst Formation (host to the Nifty copper deposit), with associated anomalous zinc (to 2,380ppm) and copper (to 375ppm) in limited drilling; the Bravo prospect – a discrete EM anomaly within interpreted altered and faulted Nifty host rocks; and the Duke prospect – a discrete bullseye magnetic anomaly and coincident gravity anomaly, magnetite-bearing calc-silicate skarn, around a quartz monzonite intrusive.

Carawine indicated it has planning underway to advance these prospects to drill-ready status, while target generation work is continuing for its other Paterson tenements.

“It is exciting to see several high priority targets generated by historic exploration data and from the incorporation of new geophysical data,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities exchange.

“At Red Dog in particular, we now have access to geophysical datasets which have only recently become available.

“This combined with our knowledge of mineralisation styles and settings in the region has allowed us to identify what we consider are six highly prospective new targets in one of the most sought-after exploration regions in Australia.

“Our focus will now shift to planning the next stage of exploration on these tenements, including on-ground work commencing during Q2 2019.”