Hi Folks,
Some added info regarding the Gobbos Copper Project:
The key attraction to the Company is the Gobbos prospect, a strongly defined Archaean copper- porphyry prospect marked by coincident geological, geochemical and geophysical signatures on the northern flank of the McPhee Dome in the Pilbara Craton. Gobbos represents a unique opportunity to drill an untested, long-standing, advanced copper-porphyry target in Western Australia.
Copper mineralisation at Gobbos was initially identified in 1966 and includes chalcopyrite and molybdenite as the primary sulphides, associated with extensive stockwork veining within basalts of the Warraroona Group, and intense veining and brecciation close to the contact between the basalt and the underlying Gobbos Granodiorite, which is a strongly silicified quartz-palgioclase porphyry intrusive. Costean sampling by Concord Mining NL in 1987 across this contact yielded 13 m @ 4.28% Cu, 110 Mo, 81 g/t Ag and 0.12 g/t Au. Prior surface sampling returned up to 41% Cu, 29 oz/t Ag and 0.60% Mo from a gossan, and a rock chip run of 42.5 m @ 2.4% Cu and 91 g/t Ag.
The Cu-Mo mimeralisation is contained within a 1.5 km x 1 km copper-in-soil anomaly defiend by a 500 ppm Cu contour, with several internal zones of 1000+ ppm Cu.
Despite being recognised since the early 1970s the most prospective targets have yet to be drilled. Evaluation by Platypus highlights the importance of demagnetised zones and the possible association of these with the destruction of magnetite by hydrothermal fluids, as might be sourced from an underlying mineralised felsic intrusive. The Gobbos prospect therefore represents a relatively simple exploration target that is effectively drill-ready, pending routine due dilligence, including mapping and verification of past sampling results.
Platypus believes the Gobbos prospect has the potential to host a large tonnage deposit that can be tested quickly and at a relatively low cost.
The above was extracted from the Company's website
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