Burketown

Target: Iron oxide copper gold uranium (IOCGU), Mafic-ultramafic hosted nickel
Tenements: EPM 15368

Location: Along the NW marging of the higly prospective western edge of the Mt Isa block.

Background:

Within the Burketown tenement the primary exploration target is a large iron oxide copper-gold mineralising system, possibly with associated uranium and rare earth elements, similar to known world-class deposits and recent discoveries under cover in South Australia. More...

The near-coincident gravity-magnetic feature within the Burketown tenement is of a similar order of magnitude to the significant Carrapateena IOCG discovery on the eastern margin of the Gawler Craton in South Australia. In addition, Icon’s analysis of Queensland government regional datasets suggests that basement in the area may include significant mafic-ultramafic rocks with potential for associated nickel sulphide and platinum group elements (PGE).

Resource:

Geology/Geophysics:

These deposits typically contain large accumulations of hematite, with or without magnetite and can be associated with discrete positive gravity and magnetic anomalies. The large scale (km area) of these systems can make targeting associated copper-gold mineralisation difficult, particularly beneath moderate cover.

Sulphide distribution can be used as a direct targeting tool as evidenced by the extensive use of the Queensland-developed MIMDAS system at Olympic Dam, the world’s largest IOCGU deposit.

Forward Program:

Icon is planning to complete penetrative electrical geophysics (MIMDAS) over the remarkable near-coincident basement gravity and magnetic feature within EPM 15368 to delineate mineralised targets for subsequent drill-testing.