JOHANNESBURG (miningweekly.com) – Explorer and developer Altona Mining is seeking to expand its exploration presence in the Mount Isa Inlier, in north-west Queensland, through the application for ten new exploration permits.
These permits are in the region surrounding its Cloncurry project and the 100%-owned Roseby South project, covering an area of 1 868 km2.
The first of the applications, which adjoins Roseby South, was granted in July, securing extensions of the target corridor that contains the new Hobby anomaly and anomalies at an early stage of definition to the north.
The new project areas are being targeted for iron-oxide copper/gold (IOCG), as well as gold only and lead/zinc/silver deposit types.
The Cloncurry project is currently the subject of a $235.5-million proposed joint venture (JV) with Sichuan Railway Investment Group (SRIG).
Altona MD Dr Alistair Cowden said in a statement on Monday that the application provided the company with further exposure to one of the world’s premium base metal producing provinces.
“With expansion of its exploration activities in the region and the potential development of a new major copper/gold mine through the SRIG JV, Altona will be strategically well placed in the region.”
Edited by: Mariaan Webb
Creamer Media Senior Deputy Editor Online
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