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MINERALS UPDATE
 

March 2018

In this edition:

  • Stavely Minerals Exploration Initiative - Geoscience
    NOW RELEASED: Regional Geology and Mineral Systems of the Stavely Arc Report
  • Deep seismic reflection and gravity survey planned for eastern Victoria
  • Upcoming events
  • Industry news

Stavely Minerals Exploration Initiative Geoscience

The Stavely Initiative has delivered a major geoscience milestone, which enhances the understanding of the minerals potential of the Stavely Arc, in Western Victoria. 

Regional Geology and Mineral Systems of the Stavely Arc Report

This report delivers the latest geoscience research undertaken as part of the collaborative Geoscience Australia and the Geological Survey of Victoria Stavely Project in Western Victoria. It includes analysis and interpretation of the data collected as part of the pre-competitive stratigraphic drilling program within the context of other regional datasets. A geodynamic context is presented for the Stavely Arc, with an assessment of arc-related mineral systems potential.

Some of the key findings outlined in this report are:

  • The Stavely Arc is now preserved as 18 structurally dismembered, narrow, fault-bound, poorly exposed volcanic belt segments, interpreted to persist under cover.  Removing the effects of deformation events restores the segments to four strike-persistent, sub-parallel volcanic belts that persisted in the Cambrian for a collective strike length of 1160km.
  • Geochronological data and geological evidence suggest that any mineral systems associated with porphyry intrusions would likely be preserved upright and may also occur outside of the volcanic belts themselves in the intervening panels of Cambrian sedimentary rock.  This greatly expands the minerals exploration search space in the Stavely Arc.
  • Re-examination of the geological significance of mineral occurrences located in the small areas of exposure in the Stavely Arc, together with new sulphur isotope data, show features consistent with porphyry, epithermal, and volcanic-hosted massive sulphide styles of mineralisation. It is predicted that additional mineral occurrences occur under cover.
  • Since the Devonian, the Stavely Arc has undergone relatively little uplift, which means that potential arc-related mineral systems are likely to have a high preservation potential.  Some of the mineral occurrences show evidence for near-surface supergene copper enrichment.

READ THE REPORT


Further information
Information on the Stavely Project, including these publications, can be accessed from Geoscience Australia and the Geological Survey of Victoria.

If you have any questions regarding Stavely geoscience data please contact Cameron Cairns, Manager, Minerals Geoscience, Geological Survey of Victoria. cameron.cairns@ecodev.vic.gov.au 

For more information on the Stavely Minerals Exploration Initiative, please contact Fiona Clarke, Manager - Resource Strategy and Industry Investment, Minerals Development Victoria.  fiona.clarke@ecodev.vic.gov.au

Deep seismic reflection and gravity survey for eastern Victoria

The Geological Survey of Victoria in collaboration with Geoscience Australia will undertake a deep seismic reflection and gravity survey of eastern Victoria starting in March 2018.

The survey is part of a greater collaborative scientific research project across southeast Australia: the Southeast Lachlan Crustal Scale Transect. Project partners include the Geological Survey of Victoria, Geoscience Australia, the Geological Survey of New South Wales and AuScope Limited. 

This will be the first time the geology of eastern Victoria is surveyed at great depth. The most recent surveys of this type in Victoria were conducted by GSV in central Victoria in 2006 and western Victoria in 2009. Read more

Upcoming Events

 

Meet the Geological Survey of Victoria at the Prospectors and Developers Association of Canada 2018 Convention

World-leading convention for minerals exploration. The Geological Survey of Victoria will again be attending this major event for the minerals industry as part of the Australia Minerals exhibition. 

Visit us at booth 412 within the Australia Minerals Exhibition in the Trade Show Exhibition hall.

Kirkland Lake Gold's Fosterville mine is rapidly becoming one of the world's great underground gold mines. Join us at the Australia Minerals seminar on Sunday 4 March to hear firsthand from Kirkland Lake Gold on their recent Victorian results.

Find out more

Industry News

Some recent highlights from the minerals industry in Victoria:

Kirkland Lake Gold

21 February 2018: Kirkland Lake Gold Reports Strong Full-Year and Q4 2017 Earnings and Cash Flow

20 February 2018: Kirkland Lake Gold Reports Strong Growth In Mineral Reserves And Mineral Resources

17 January 2018: Kirkland Lake Gold Targets Higher Production, Improved Unit Costs in 2018 Guidance, Announces New Shaft Project for Macassa

11 January 2018: Kirkland Lake Gold Reports Record Annual and Quarterly Production

Stavely Minerals Limited

29 January 2018: Very Broad Interval of 283m @ 0.16% Copper in ‘Sighter’ Hole SMD013 Drilled in a Peripheral Position

24 January 2018: Further Strong Indications of Nearby Copper-Gold Porphyry Mineralisation in latest Diamond Drill-Hole

19 January 2018: Impressive Copper and Gold Assays of up to 14.75% Cu and 0.33 g/t Au and 10.75% Cu and 0.60 g/t Au as Drilling Continues to Close-in on Major Porphyry Target

12 January 2018: Discovery of Thick Zone of Magnetite-Rich ‘M’ Veins Strengthens Potential for Nearby Porphyry

Navarre Minerals

24 January 2018: Further shallow gold mineralisation intersected at Irvine Gold Project

Carawine Resources Limited

12 February 2018: Large IP Anomaly at Hill 800 Gold Deposit

Mandalay Resources Corporation 

20 February 2018: Mandalay Resources Corporation Replaces Mineral Resources and Reserves in Year-End 2017 Update

 
 

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