East Kambalda Project
The East Kambalda project includes two prospects: the Coogee gold deposit and the Aztec Dome nickel prospect.
Location Map: East Kambalda Project
The Coogee gold deposit was sold to New Global Mining Ltd (“NGO”) in May 2010, for up to A$1.15m in cash and script. The agreement involves the sale of M26/477 which hosts the deposit and the grant of rights to explore for minerals on the two adjoining sub-blocks of E26/97. The sale involves the progressive payment A$400,000 cash and up to 3m NGO shares, subject to NGO listing on the ASX by 31 August 2010. To the end of June 2010 TMX had received cash payments totalling A$100,000.
Work completed on the Aztec Dome prospect indicates that the dome has the potential to be a repeat of the Kambalda Dome, with its associated high grade nickel deposits, located 12 kms to the south-west.
Exploration programs undertaken to date include: a review of previous data, geological mapping, magnetic, gravity and orientation and detailed EM/IP surveys. The Aztec Dome has similar rock types and geological succession to the Kambalda Dome and similar geophysical responses. Deep drilling is limited, but has intersected broad zones of sulphides (up to 40m wide) with nickel values up to 0.3% Ni. The prospective ultramafic horizon does not outcrop and as a result there has been little previous work undertaken over the prospect area. IP and more recently fixed loop EM surveys have been completed over selected areas. A report on the EM survey is awaited ahead of planned deep diamond drilling.
Aztec Dome: Aeromagnetic Image Showing IP Anomalies & Drillholes
