The Georgetown Project in Queensland, specifically at the Fiery Creek prospect, shows significant potential for a near-surface copper porphyry system, with assays revealing copper concentrations up to 23.5%. The mineralogical and geochemical analyses indicate similarities with notable Early Permian porphyry systems in the region such as Mount Leyshon and Kidston.
The system's veins, rich in copper minerals like chalcopyrite and malachite, suggest a high-grade porphyry type, similar to those found at North Parkes. An extended geochemistry program and a forthcoming geophysical survey in August 2024 aim to further delineate the scope and scale of the mineralization, supporting EMU NL’s (ASX: EMU) optimism for a substantial copper deposit. This prospect is notably constrained and unvented, enhancing its retention of minerals and volatiles, as compared to the more eroded nearby Mt Turner system.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.