Great Southern’s ‘Fish Creek’ gold-silver-copper system could be a Mt Carlton lookalike
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Great Southern Mining (ASX:GSN) is led by John Terpu, former head at Conquest Mining when it discovered the Mt Carlton gold-silver-copper project in Queensland in 2006.
The world class Mt Carlton gold-silver-copper mine, now owned by Evolution Mining (ASX:EVN), is a 1.4moz gold, 31moz silver, and 63 tonne copper High-Sulphidation (HS) deposit.
These HS systems are known to occur in clusters, which is why Terpu is now hunting for his second company-maker at Great Southern’s Edinburgh Park project, just 20km from Mt Carlton.
Less than 15 per cent of the highly prospective Edinburgh Park area has been explored using modern techniques.
‘Fish Creek’ is an early-stage prospect which is ticking three very important boxes.
One: Recent additional interpretation of soil geochemistry data collected from the ‘Fish Creek’ shows a well-defined anomalous gold, silver and base metals “signature” consistent with a HS system.
Two: Ongoing mapping has identified the same rock ‘alteration’ (physical or chemical change) at Fish Creek consistent with classic alteration halos around HS systems.
And three: Fish Creek corresponds with one of nineteen anomalies identified from the hyperspectral survey conducted in 2019 and co-funded by Evolution Mining.
“The interpretation of the geochemistry data at Fish Creek has revealed an HS gold-silver-copper system similar to the nearby Mt Carlton mine located only 25km to the south,” Great Southern chief exec Sean Gregory says.
“The Fish Creek Prospect moves alongside the Leichhardt Creek Prospect as two of our most promising targets within the Edinburgh Park Project in North Queensland.
“Further mapping and prospecting is underway at these and other targets with an intention of completing our ranking process ahead of drill testing later in 2021.”
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.